You should be. I hedged a bit recently with some options. Options can be low-volume, so the bid/ask spread alone can kill you. Read that bit again. If you're not accounting for the spread, you might get killed. They're also incredibly volatile right now. I've had days +/- 30%. I'm not sure if someone like Robinhood goes lower, but a contract is for 100 shares, so the min bet is big.