Hedging overnight positions

I wonder whether it is necessary to hedge overnight positions with options. If I have a long position at ES with a 5 pt stop for overnight holding, will it be a good idea to buy puts for hedging? Should I opt for puts with a strike price somewhat below the stop, or those far out of money?

 

Any ideas? For those who hold overnight/swing positions, how do you hedge overnight risk?

 

I typically use futures to hedge my positions.