[dyauspitr]

I have done it before. How is it expensive, most brokers offer commission free trades now. It’s just another long order.

[inigyou]

You have to pay money to buy those options

[dyauspitr]

You can just have a limit order for the stock.

[inigyou]

That isn't hedging, that's a stop loss.

Which is the type of order you meant, not a limit order.