Hi my name is Imran Lakha and I am a trader-turned-teacher. This quick video tutorial is a follow-on from my last upload, 'What Are Call Options?'. The following points are covered: A Put is the right, but not the obligation, to sell an underlying at a fixed price (strike) at a given maturity date Positive payoff is on the downside. It is a BEARISH position if you buy a put. You can consider Puts as an insurance against your portfolio (pay insurance premium) If the 100 Strike