A put option is a financial contract that gives the buyer the right, but not the obligation, to sell Bitcoin at a specified on or before an expiration date .
Investors typically employ put options for two primary reasons: buying bitcoin puts
: Often described as "insurance," this strategy involves holding Bitcoin while simultaneously buying a put option. If the price crashes, the holder can exercise the put to sell at the higher strike price, effectively locking in value and mitigating losses. A put option is a financial contract that