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He's not hedged - he's long delta on the calls, and long delta on the stock. That's the opposte of hedged.
https://31.media.tumblr.com/0a581e6a8d85f9b65d9b302f4979b292/tumblr_mv72fhs0s41rhe069o2_500.gif
He's not hedged - he's long delta on the calls, and long delta on the stock. That's the opposte of hedged.