Do you think the following is allowed or not? 1. private investor sells single stock future on financial stock A, with IB XXX as counterparty 2. IB shorts stock A for hedging 3. private investor sells single stock fwd (OTC) on financial stock A, with IB XXX as counterparty 4. IB shorts stock A for hedging 5. private investor buys put on financial stock A, with IB XXX as conterparty 6. IB shorts stock A for hedging 7. IB, already short A to hedge a put previously sold, increases his short position as delta increases My feeling (not sure) is that: 1. yes for hedging his portfolio of A ; not for speculative reasons 2. yes 3. yes for hedging his portfolio of A ; not for speculative reasons 4. yes 5. yes for hedging his portfolio of A ; not for speculative reasons 6. yes 7. yes And when I say “for hedging his portfolio of A”, I mean that, as they are hedging a position that they already have, the net effect is not short (assuming delta does not go above 100%) what do you think? thx a lot