long put

Buying a ticket that gains if the price goes down. The most you can lose is what you paid for the ticket.

The fuller meaning

Buying a put option. The maximum loss is the premium; profit starts below the strike minus the premium at expiry and grows as the underlying falls, up to the strike minus the premium if it falls to zero.

long put.

Related words

at the money · backtest · backwardation · basis · call option · contango · data snooping · delta · edge · entry trigger