This spreadsheet is used to manually manage Bubba's Ultimate Hedge. It is not easy to manage. Remember too that I am not a CPA or professional trader and I can make mistakes. Note this spreadsheet only applies to underlyings with three character ticker symbols; for more or less characters you will have to modiby the formulas in column L, row 19 downward.
Download and read the Synthetic Stock Hedged to Itself - User Guide.
Options investing is extremely complex and I am not so quick with the math so I use a lot of spreadsheets help me make decisions regarding option trading. I belong to several options trading groups where we share our strategies. I am happy to do so. But, I am not a broker/dealer, CFP, RIA or a licensed advisor of any kind. I cannot give you advice. I have nothing to sell you. Investing is risky. You could lose all of your money. I am not giving advice; I am only telling you what I do. I could be wrong. If you do the things that I do, you could make some of the dumb trades that I have made. Consider what you do carefully; you’re on your own. So, please don’t sue me.