Sharing a recent operation: Felt the market was overextended after a strong bullish run on $SPY, with RSI hitting 75 on the daily. Entered a cautious short position on SPY 30-JUN $525 puts as a hedge for my core long portfolio. Position size was small – only 1% of total capital – acknowledging the risk of fighting the trend. Set a tight stop-loss just above the recent swing high. The pullback came faster than expected due to weaker retail data! Covered half the position for a quick 15% gain as support neared. Let the rest ride with a trailing stop, eventually stopped out near breakeven. Key takeaway: Hedges are valuable, but size them appropriately and take partial profits when volatility spikes. Discipline over greed.

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