Maybe this was covered in an earlier post, but I have not had a chance to read all of them. Why hedge with:
Long 100 OCT SPY 138 Calls @ $0.20 for $2,000
when you could hedge with
Long 10 OCT SPX 1380 Calls @ $1.5 for $1,500
It seems like you could save $500 or so dollars and some...