about hedging; if you bought 1000 COST at 460 - what amount of puts/strike should you buy to "hedge"

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THAT's a good rule of thumb\ because easy lose on both sides.
But HD can be + has been a super stock, like MSFT\only may draw down 50% in a bear market like 2008.
Its listed as one of the stocks in Making Money Selling Stocks Short,[William o Neil] but tended to hold up@50% drop level, better than average.