hedging into earnings--repair the house while the sun is shining

based on monthly expected move. it's tapped a level that's on the upper end of what was expected. that being said i expect a pop in volatility to bring us back to the chop zone (287-289). with an expectation of expansion in volatilty. im buying 5x may 6 bear puts 289-287 with sentiment overly bullish hedges are on sale.
so
max cost 5*.50=$2.50 debit/max loss
max gain 5 *1.50 (2 spread-debit.50)=7.50
so risking 2.50 to make potentially 7.50