Let's say for the sake of argument I have 1 credit account with a $330 line of credit. Bad run this week left me with $27 and I put it all on a 5 teamer 27/400 (couple ML faves in there). Last leg pending is bears +10.5
Same out now has the line at 10. Agent offered to extend my credit limit if I want to hedge (nice guy, buddy of mine). So, I know I am usually a proponent of not hedging BUT now with this line move would you:
Let it ride?
Take some GB -10?
Buy to GB -9.5 -120 (strongly considering this option)
Was just thinking of hedging like 110/100 gb -10 or 120/100 -9'
Same out now has the line at 10. Agent offered to extend my credit limit if I want to hedge (nice guy, buddy of mine). So, I know I am usually a proponent of not hedging BUT now with this line move would you:
Let it ride?
Take some GB -10?
Buy to GB -9.5 -120 (strongly considering this option)
Was just thinking of hedging like 110/100 gb -10 or 120/100 -9'