Dinesh, Sunil & PoTr,
Here is just an example of what I am talking about..... DELTA on the surge I exited @ 72.35 shorted 72.45 and covered & bought it back @71.75 ....now to be able to do this one has to be watching the screen and Price quote with some amount of focus... what this opportunistic Trades in between do...is create that additional Margin of Safety... incase it moves against us...then the MTM is not very large....!!!
It is a very good practice as well......for Traders to become comfortable shorting as well......!!!
SG