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Hillcrest Capital is long 3 call option contracts and is short 7 put option contracts. All options have the same underlying stock and have a
Hillcrest Capital is long 3 call option contracts and is short 7 put option contracts. All options have the same underlying stock and have a contract size of 100 shares. The call options have a delta equal to 0.351 and the put options have a delta equal to 0.592. What trade should Hillcrest do to make its options portfolio delta neutral?
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