I think SSF's will be great for hedging a long term position. I don't like options with their outrageous spread/pricing, it's difficult to figure out what your actual hedge is going to be, do you really know what the delta of the option is? Plus it's an insurance premium you pay and it's gone. With SSF's if I hold a stock through earnings season I can buy futures contracts and have full hedge on my position and it costs me a round turn, no premium gone up in smoke, no headache figuring out the proper option series etc. You can buy contracts when you want to hold an overnight position and take it off at the open. Isn't that cool?
