this post was submitted on 02 Dec 2025
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[–] Don_alForno@feddit.org 4 points 2 days ago (1 children)

Puts are a derivative that is a contract for the right to buy an asset at a given price (the "strike price") on a given Date.

Puts are rights to sell, not to buy. And with that, the rest of your post actually makes sense (you want to sell above market price).

[–] definitemaybe@lemmy.ca 3 points 2 days ago

Oh, shoot. That's a silly mistake to make. lol.

Fixed.