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Suppose you own 1 0 0 shares of XYZ stock and you are concerned that the stock price may fall in the near future. To

Suppose you own 100 shares of XYZ stock and you are concerned that the stock price may fall in the near future. To protect yourself against this potential loss, you decide to delta hedge your position.
Assume that the current market price of XYZ stock is $50 per share, and that the delta of a call option with a strike price of $50 and 1 month to expiration is 0.5. This means that if the stock price goes up by $1, the call option price will go up by $0.50. How can you delta hedge your position?

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