Recent content by asteroid

Firsrt of all, market makers dont hedge each 2 options with a future. They calculate overall delta of their portfolio and hedge it. There are a lot nuances in marketmaking, especially in Russia. To be short, you'll need a sizeable amount of money to do it and for it to be profitable.

Well, it does not. But some (roughly half) overnight moves will be in favorable direction, so they balance each other.