Position Hedges.

From Greg M

Lions. If you watched my morning report, and you must watch it, you understand I am advising caution here.. I talked about hedging positions.

Well, I just placed hedges on both DAL and XLE.

This is how I am playing these.

I bought puts, totaling 10% of each position.

Example. If your call position is 10K your hedge is 1K.

DAL Oct. 16 $25 puts.

XLE Oct. 16 $36…