Using the US 500 Daily 4:15PM Contracts as a hedge for the 2-4PM Intraday Contracts


#1

I’m trying to determine if there is a strategy that will allow me to use the extra 15 minutes until expiration as protection. The assumption is that the strikes of the 2-4PM and the 4:15 are very close together, so the likelihood of one or the other finishing ITM is highly likely. Also, it is essential to pay d like your thoughts on if this is viable or not. Thanks…


#2

Both could just as easily finish OTM 15 minutes can be a long time.