I opened $SPY VERTICAL 240510 PUT 499.0/PUT 513.0$  ,“Some uncertainty happening in middle east might be a reason for further draw down?” This thought that I have, lead me to monitor the SPY closely. I was looking at the minutes chart during the 1st hour of trading, I noted there is a draw down to $511 and reversal up again to $514. However, it seems like buyers are not strong enough to push the price up further. Sellers entered, price stalled and moved down below $513. At that time, I decided to hedge my position and opened this trade. I got it wrong when I decided to hedge in Feb/Mar. Made some lost previously, but had also recovered some capital too. The recovered capital had been allocation to this trade as well as another similar trade. Will I get the direction wrong again? Time will tell and I treat these kind of trade like buying insurance where I may not get back my capital at all.