Delta neutral portfolio on short put options

Hello everybody,
I’d like to know something about a delta hedging position. If I sell put options on 1000 stocks (with underline price > delivery price), and the delta put is about 0,345 (obtained from B-S formula), could I take a short position on the underline asset (selling 345 assets) to have a delta neutral portfolio?


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You could also sell call options on 527 shares to have a delta neutral portfolio.

I trust that you mean that it’s about 0,345.

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