A European put option with a strike price of $29 and 3 months to expiration. No dividends are expected to be paid on the stock prior to the expiration of the option. The current stock price is $30. The volatility of the stock price is 25% p.a. and the continuously compounded riskless interest rate is 5% p.a.

Put price = $0.88

David Wayne is a hedged fund manager for WealthSafe. He currently holds 10,000 shares on which the option in part (a) is written. He decides to use the put option in part (a) to temporarily hedge the share value. What position of the put options would David have to take to implement his hedge strategy? Please round your answer to the nearest whole number.