Buying a is a bearish strategy used to profit from a price drop or to protect an existing portfolio. 📉 Core Strategy

Measures how much the option price moves per $1 change in the stock.

Profit from a decline in the underlying asset.

Benefiting from a sudden spike in market fear. ⚠️ Key Considerations

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Betting on a market crash or specific company downturn.

If the stock stays above the strike price, the option expires worthless.