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Your book is delta neutral with gamma of $-600$ shares per dollar. You flatten gamma by buying contracts of an option with gamma $0.03$ and delta $0.5$ per share, $100$ shares each. After buying them, how many shares must you sell to restore delta neutrality?

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Delta hedging in practice: how often, and what it costs

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Optiver, SIG (Susquehanna), Citadel Securities

Your book is delta neutral with gamma of −600-600−600 shares per dollar. You flatten gamma by buying contracts of an option with gamma 0.030.030.03 and delta 0.50.50.5 per share, 100100100 shares each. After buying them, how many shares must you sell to restore delta neutrality?

More the greeks and hedging questions

Your book is delta neutral with gamma of $-600$ shares per dollar. You flatten gamma by buying contracts of an option with gamma $0.03$ and delta $0.5$ per share, $100$ shares each. After buying them, how many shares must you sell to restore delta neutrality?