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A long put, or owning a put option contract, grants the investor the right to sell equity shares at a predetermined price at or before expiration, offering a safeguard against losses or a strategy for capitalizing on a downward market.
public.com/options
Disclosures:
Investors must review the Options Disclosure Document (ODD): public.com/ODD. Options are risky and not suitable for everyone. See Fee Schedule and Options Rebate T&Cs: public.com/disclosures. Brokerage services for US-listed securities and options offered through Public Investing, member FINRA & SIPC. Supporting documentation upon request.