Buy Put Option Strategy -

High IV makes options more expensive to buy.

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Measures how much the option price moves per $1 change in the stock. High IV makes options more expensive to buy

Acting as "insurance" for stocks you already own. but not the obligation

If the stock stays above the strike price, the option expires worthless.

A gives you the right, but not the obligation, to sell a stock at a specific strike price before the expiration date . Market Sentiment: Strongly Bearish.