Puts and downside protection

October 24, 2014 12:35 PM

Focus: S&P 500 ETF 

The best time to buy puts is when no one wants them: Buy them when you can, not when when you have to.

About the Author

Randall Liss is a veteran options trader. He helped found the European Options Exchange in Amsterdam (now part of Euronext), was a market-maker for that exchange and is co-founder of The Market-Makers Association. Liss has educated and mentored traders since 2006.