You have written a put on a call,where the underlying call is written on a stock.To delta hedge yourself you can either go the underlying call or the underlying stock.
A)short;short.
B)short;long.
C)long;short.
D)long;long.

Question

Quizplus · Accepted Answer

When the stock price goes up,the underlying call goes up in value,so the put-on-call goes down in value.This means the delta of the put-on-call with respect to the underlying call is negative,and with respect to the underlying index is also negative.

You Have Written a Put on a Call,where the Underlying