Please be kind. I am new to options. Let’s assume that today I bought 100 shares of Microsoft at the price 220€ average. If I buy a put expiring 30.01.2023 at the strike price of 220€, does that mean that if price falls below 220€, I can use my exercise my put option and bail from shares. (This is just example to understand). The price I pay to buy out (150€) would be lost but at least I won’t be losing more than that.
Please explain and confirm. Thanks in advance
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