Anyone know anything about married put strategies?

[sartoris]

I've been thinking about using derivatives to reduce risk. After running an options analyzer, it seems like buying out of the money puts is the best way to hedge against risk but maximize reward from a probabilistic perspective, assuming you are holding a long position. There are better ways to reduce maximum exposure, but I'm more concerned with keeping gains, hence the probabilistic approach. Anyways, I'm just wondering if it makes sense to buy puts with a 3 month maturity, 6 month, or more, assuming no anomalous pricing? My belief is that the 3 month would be preferred if the stock is volatile, since after 2 months the price of the stock might be 30% higher than your purchase price; meaning in order to insure against the added risk at the new price level, you would have to buy another put at a higher strike price. I'm an investor and not a trader, so my time horizon for the long position is not minimal.