I'm just looking into ES trading - I've been day trading ETF options mostly SPY (2-3 months out) for awhile and doing well enough, but I'd like to at least look at trading ES. When going long ES do you guys hedge by owning SPY puts ? Is there an equivalent ratio for that ? Like owning 10 SPY puts for 1 ES contract ? I'm not sure I have the right discipline to trade ES as I tend to stick with a position and will continue to scale in by buying more calls or puts and will hold overnight and upto about 1 week. The 1:1 delta is enticing as is being able to trade 24 hours a day - I realize I'd have to keep shorter timeframes.