yes we cannot advise you on that since we are not investment advisors.  Otherwise buying a few puts if you are buying 100's or 1000's of shares of SPY is one way to hedge your trade.  However I will say that maybe it's better to initiate something like that earlier in the trade. Doing it now the market is quite oversold in the short term, therefore buying the puts last Friday would have been lower risk vs buying them now with the market down strongly days in a row.  When putting on risk protection, think about putting it on at good risk/reward prices vs waiting for the market to have good move against the trade and getting more stretched away from the mean