Hedge builder
Pick an exposure, then size the hedge and stress-test the outcome. Numbers update live. Curated by our analysts — not financial advice.
Your exposures
Long DefenseNORepublicans win 2026 midterms
Long ~$5k defense equities, hedged 30% against Republicans winning the midterms.
Offset
30%
Worst case-$400-$316+$84 cushioned
◀ Adverse outcomeFavorable outcome ▶
Hedged Unhedged
Adverse case
If it goes against you
LMT · RTX · NOC -8.0% · hedge pays out
Unhedged-$400
Hedged-$316
Loss cushioned+$84
Favorable case
If it goes your way
LMT · RTX · NOC 5.0% · hedge expires
Unhedged+$250
Hedged+$139
Hedge cost-$111
Position size$5,000
Hedge ratio30%
Net cost
$5,111
Hedge premium
$111
2.2% of position
NO contracts
195
Downside protected
+$84
Max gain
+$139
Max loss
-$316
Buy LMT equity$5,000
Hedge NO 195 @ 57¢$111
Total outlay$5,111