Selecting stocks to shorts as a hedge against uncertainty: NIU

$NIU puts are cheap right now and I'm thinking this run (along with many others) needs a break. However I am irresponsibly long in leap option calls for certain blue-chip tech/auto collaborations. Volume is slowly dropping and bearish divergence is seeming prime for some correction. This is a great candidate for me to use as a short term hedge against political uncertainty, hyper-inflated market, and weird retail pump/dumps that are having a negative affect on some of my portfolio. While the elephant in the room is Tesla, puts are incredibly expensive and fundamentally speaking I would rather bet against a Chinese electric scooter company. I believe betting against Tesla is pretty much hoping for the whole blue-chip market to crash, as we approach 1 trillion MC I will probably worry about just that. Until then, I will begin hedging my plays here and there to protect my short term earnings. Others to look at for above average pull backs include $RIOT $DIS $SPCE $NIO.

Trade active:

Normally I would close out Puts that are up 400% on the day. Considering how frothy the market is I will hold onto these for good measure. So many bearish flags across all equities, just about everything is at the end of a good 3 wave impulse upwards. Overbought equities could come down 30% and I would still be bullish long term.