hedging SPX options

[MTE]

Quote from daniel5198:

Tnx again. sorry to go on about this, but it is important and practical for me. How about hedging with SP futures? e.g. long one future contract for every 5 SPX ATM puts? will that work (delta-wise)? would that reduce the margin requirement ('cause option and future are for the same U/L)?

What atticus said above.

Also, using SP futures is no different to using ES. You are still hedging cash index options with futures.

If you want reduced margin you should use ES options or, alternatively, hedge SPX options with SPX options.

 

[daniel5198]

tnx