Subject: Re: DITM calls and hedging: numerical example
" If I had a better idea of where to invest $49,000 now, I would do it."


Keep in mind 16 months is a long time. IF we get a sell off and brkb drops to 460 and the VIX doubles that put might trade, 40 bid offered at 50, bid spread in a fast market. IF you are willing to lose the liquidity and hold until the stock is put to you, ok. You know you can't be certain you can close the position at a reasonable price in an illiquid option. Good luck with it.