Bought ETH 230/ 240 JULY 31 PUT in Deribit. A cost of 1.5 % of portifolio to protect 50% capital at this price.
I always keep 3% of my portifolio in Deribit for Options. Usually I buy PUT instead of selling them. My strategy is to lock my portifolio at hgher levels every 15 to 30 days. If drops, I use the PUT profit to buy more ETH at lower prices and I sell Call Option Out of the money to generate some insterest in a drop.