Chapter 02 · Section 2.1

Summary: Put Options - Long & Short Positions

                 Put Options
Long Positions                Short Positions

When you expect:              When you expect:
prices to fall,               prices to rise,     

then you take a               then you take a           
long  position by             short position by 
buying puts.                  selling puts.

You are bearish.              You are bullish.

Note that put options differ from call options, forwards and futures in this respect.