I have an account under management whereas the adviser is trading up to 5 e-mini contracts at a time. Positions are sometimes held over night. I am looking to self hedge this adviser against a downside shock. Is there anyone who has done this in a similar situation? Lets say under the worse of circumstances I am holding 5 e mini long contracts and there is a significant downside shock and no chance for liquidation. What would I have to purchase as far as put option(s) to limit my downside to say 15K total assuming the current price of the S&P at 1450? I am assuming I could just buy one put option on the full size s&p 500 to cover the 5 emini. Any help or guidance would be much appreciated.