Options Trading Tutorial

Is there ever a time when put protection does not allow you to sell your shares for the put strike price?

Cause if the stock goes to a low enought level price per share, somebody loses when you can sell your shares at a higher price per share, right?

Public Comments

1. Owning a put or a call gives YOU the right to sell or buy respectively. Owning a put gives you the right to sell the underlying stock at that given exercise price, anytime while the put still has life left in it i.e. before it expires. So, if you own a put, you have the right to sell that stock until expiry. Obviously, you would only do so if the market price of the stock was below the strike (exercise) price.