Derivatives guy here. Perfectly fine opinion, but two issues.
Why now? This is a general investing issue. Trading costs money, holding a put costs money, so why will the market do what you think in this time frame?
Why are the puts cheap? This could be substantiated with some numbers, esp implied volatility. Are they cheap vs history? I don't know, but the reasoning should show why you think so. Note I'm not looking for breakevens. That can be worked out from the price, but it doesn't tell you whether that is more or less likely than the market's opinion.
Why now? This is a general investing issue. Trading costs money, holding a put costs money, so why will the market do what you think in this time frame?
Why are the puts cheap? This could be substantiated with some numbers, esp implied volatility. Are they cheap vs history? I don't know, but the reasoning should show why you think so. Note I'm not looking for breakevens. That can be worked out from the price, but it doesn't tell you whether that is more or less likely than the market's opinion.
Totally reasonable points otherwise.