# Stock portfolio hedging during the coronavirus pandemic

My put options are all on the S&P at multiple strike prices and expiration times: June at $180, July at$180, and September at \$195. I purchased these a month or so ago and am down over 60% - but that’s the cost of hedging. In hindsight I should have paid the premium to buy longer term options rather than the ones that are one or two months out. Right now I’m going to take the loss on the June and maybe the July options and simply extend the expiration. I’m willing to take the potential loss - my thinking is that if things do work out then it’s great to be back to normal and this was a small price to pay for that return. But if things get worse it’s nice to have some form of a hedge.