Series 65: Protective Puts

Taken from our Series 65 Online Guide

Protective Puts

Suppose you bought 1,000 shares of Apple stock months ago at $400 per share, and the stock has since climbed to $500. You want to keep the stock, because you like Apple and think its price will continue to rise, but at the same time, you don’t want to risk losing what you have gained. You can

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