CCS
CENTURY COMMUNITIES, INC.
stock NYSE

I use a combo of call credit spreads (75%) and shorting ES (25%) to hedge.
Hedging with futures is easier but uses up a lot of margin because the general rule of thumb is 2 futures contracts needed for each single contract of credit spreads. So for a position with 40 credit spread contracts, I would need to trade 80 ES futures which is obviously way too much. I usually stick to up to 5 contracts of ES and treat this like a shorter term hedge that I remove once the market starts turning back to my favor (I guess you could call this almost like day trading in a way, but with the intent for the ES position to lose money lol)
Hedging with CCS is my main bread and butter, I usually go 20-wide and set at specific support levels once the market turns. Given 20-wide and small amounts, these generally net me about 100-150% returns if market remains under which allows me to big profits (the caveat being if the market starts to recover, these hedges quickly get obliterated which is fine because my main PCS position is no longer under threat). The key here is to size the hedges accordingly - you dont want to put on a $20k hedge when your underlying PCS profit is materially less and vice versa. During Liberation day I had a hedge worth $200k which got me $420k in profits, even though my main PCS position got wrecked (because the market dropped so quick i.e. Black Swan event) which allowed me to keep net losses to a minimum and make up all my lost money + more in the following week given how high VIX was for the next 3-4 weeks.
This is just surface level stuff but hopefully this sheds a bit of insight on my hedging process

I use a combo of call credit spreads (75%) and shorting ES (25%) to hedge.
Hedging with futures is easier but uses up a lot of margin because the general rule of thumb is 2 futures contracts needed for each single contract of credit spreads. So for a position with 40 credit spread contracts, I would need to trade 80 ES futures which is obviously way too much. I usually stick to up to 5 contracts of ES and treat this like a shorter term hedge that I remove once the market starts turning back to my favor (I guess you could call this almost like day trading in a way, but with the intent for the ES position to lose money lol)
Hedging with CCS is my main bread and butter, I usually go 20-wide and set at specific support levels once the market turns. Given 20-wide and small amounts, these generally net me about 100-150% returns if market remains under which allows me to big profits (the caveat being if the market starts to recover, these hedges quickly get obliterated which is fine because my main PCS position is no longer under threat). The key here is to size the hedges accordingly - you dont want to put on a $20k hedge when your underlying PCS profit is materially less and vice versa. During Liberation day I had a hedge worth $200k which got me $420k in profits, even though my main PCS position got wrecked (because the market dropped so quick i.e. Black Swan event) which allowed me to keep net losses to a minimum and make up all my lost money + more in the following week given how high VIX was for the next 3-4 weeks.
This is just surface level stuff but hopefully this sheds a bit of insight on my hedging process