Should you hedge DGX or reduce the position?
Compare the loss you're prepared to accept with the expenditure, coverage, and upside limits of the available alternatives.
Quotes as of Nov 12, 2026, 9:00 PM UTC (Polygon options snapshot (delayed)) · underlying $259.65 as of Nov 13, 2026
What protection changes
For 100 shares and a 25% decline to $194.74 by Dec 18, 2026, holding unchanged loses $6,491. The table shows what each alternative costs today and what it leaves you with in that decline.
| Alternative | Upfront expenditure | Selected downside outcome | Upside retained | Protection period |
|---|---|---|---|---|
| Hold unchanged | — | −$6,491 | Full | — |
| Reduce position 50% | $6 | −$3,252 | 50% of gains | — |
| Protective put 230 | $126 | −$3,091 | Full, less premium | Until Dec 18, 2026 |
| Collar 230/290 | $116 | −$3,081 | Capped at 290 | Until Dec 18, 2026 |
Compare protection for your position.
Keep the protection matched to the position.
Save the alternatives, expenditure limit, protection period, and underlying risk case. Review coverage when the position changes or the protection approaches expiry.