Delta Hedging

How Draconic reads it

A short call has negative delta; a simple delta-neutral hedge offsets it by buying the underlying or an appropriate futures equivalent. A short put has positive delta and is offset by selling. These are illustrations of hedge direction, not trading recommendations. As delta changes, a hedger may rebalance, but actual flows depend on the net portfolio and existing hedges. Open interest alone does not identify the dealer's side or establish whether those flows will dampen or amplify a move.