SMTS Hedge Play 15.00

SMTS is currently trading at 15.00. A great hedge is to buy SMTS long at 15 and then buy the june 15 puts for .75 cents. Earnings out June 14th. Shoudl be a volatile stock. 12-20 range. Would take a 1-1.5 ratio on stock to puts. Meaning 1,000 long the stock & 1500 shares or 15 put contracts.