Is that a good hedge ?

[marchaiseng]

Hii,

I would like to have your advices

There is a hypothetical case of trading.
I take 100 shares of BNP at 53 € = 5300 €. I take a long position (not short).
I wish to hedge my portfolio.

For example with this warrants : Ici

The premium is 0.23 € and the parity about 10, so 1000 warrants to hedge my positions total amount = 230 €.

Is that a good hedge ?

I know that I haven't considered delta, theta...

Thanks

 

[mnmnmmnnmnmn]

Why dont you buy a married put ... best solution.

 

[marchaiseng]

I didn't know I'm going to look at that.

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It's a bit the same thing, isn't ? The Problem is that the options are more expensive than a warrant.