You have a stock market portfolio with a beta of 1.2 that is currently worth $174 million. You wish to hedge against a decline using index options. Suppose you decide to use SPX calls. Calculate the number of contracts needed if the call option you pick has a delta of 0.6, and the S&P 500 Index is at 1,160. (Writing options should be indicated by a minus sign. Round your answer to the nearest whole number.)