How to handle hedging positions for options?

[oemOptions]

Holding stocks with Buy Put for mainly hedging purpose:

Buy Put with trailing stop (10%) starting at 100 resistance and expect price going down at 80 support

There is a little correction rising from 85 to 95, and trigger trailing stop to exit with 10% cut loss rule.

After that, price still go down to 80 resistance. For hedging position, once exit is triggered for Buy Put, then there is no more hedging,

1) should Buy Put exit and stop with no more hedging? or

2) re-enter after exit for maintaining hedging position?

3) Don’t apply cut lose rule for hedging position?

4) other?

Does anyone have any suggestions?
Thanks in advance