The most common pitfall of dynamic hedging: the convexity of OTMs that you intended to preserve is inadvertently negated by DDHs 😅 Traditional dynamic hedging defaults to including the entire position in Delta calculations, negating the "lottery position" of options as well. Therefore, dynamic hedging (DDH) needs to add a specified position hedging function, so that you can flexibly "preserve convexity" when arbitrage. Now, @GreeksLive's DDH tool has been updated: specified position hedging It achieves one-click switching between full position hedging and custom mode You can also manually select the positions to be hedged, making it more convenient to manage your "option lottery" It also allows you to better seize tail opportunities when dealing with subsequent extreme market conditions.