This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam.

In this episode you will learn:

- What right a put option grants to its owner.

- Why buying a put option is considered a bearish strategy.

- How to calculate the breakeven point and potential profit for a long put position.

- How a protective put can be used as a hedging strategy to insure a stock position against losses.

- A simple mnemonic to remember the market outlook associated with buying puts.

For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818