Profit from a decline in the underlying asset.
The option loses value daily as expiration nears. 💰 Risk & Reward Maximum Profit: Significant (Strike Price minus Premium). Maximum Loss: Limited to the premium paid plus commissions. Breakeven: Strike Price minus Premium paid. ✅ Strategic Uses buy put option strategy
Acting as "insurance" for stocks you already own. Profit from a decline in the underlying asset
If the stock stays above the strike price, the option expires worthless. the option expires worthless.