Replies to post #1296 on Bausch Health Companies Inc (BHC)

[Zilla]

I've only bought calls.
Puts I have yet to completely understand, hence why I haven't gone there yet.
Buying a put costs me money now but if the stock goes down then I think I make money? To 'hedge' a position I think.
Selling puts puts money in my account and I make money when stock goes down and I buy back my put at a lower price?
I need to read more about it and do 1 contract to watch and see what happens.


PS Steelers were my 2nd fav team. Oakland fan and I wanted Ben in 2004 but we got Gallery. :-(