S&p Puts — Buying

: The "use-by" date. If the market doesn't drop by this time, the option expires worthless.

Think of a put option as a that gives you the right to sell the S&P 500 at a fixed price, even if the market crashes below that level. 🛡️ Why Buy S&P Puts? buying s&p puts

: If you believe the market is overvalued or a crash is coming, buying puts allows you to profit from that drop. : The "use-by" date

You can buy puts on the or the SPX Index . They track the same market but have different rules: SPX vs SPY: How to Trade the S&P 500 - Option Alpha buying s&p puts