Want to hedge my SPX cfd with weekly SPY. Spy price now is exdivident

M

Millionaire_Raj

Want to hedge my SPX cfd position with weekly SPY put option.Spy price now is exdivident and so prices not matching with SPX.
What strike price put option should I buy for hedging 2265 SPX for every dollar drop if my spy expiring on March 25
 
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