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okay the way too fast rundown on option hedging no you dont have to watch 40 minutes of videos its not that hard if youre a long stock you want to protect it you buy a put so if it goes down youre not losing money thats a marry put if you do it the same day its an irs term if you do it after the first day its called the protective put and theres other issues if youre long stock and you want to add income you just want to put some money in your pocket youre going to do a covered call a covered call is when you sell a call with a long position so your long stock sell call thats a covered call very safe you can do it in basically any account you want if you sell a call by itself alone thats a naked call or an uncovered call because you have unlimited risk youre naked just boom youre uncovered theres no protection there thats why its called an uncovered call if youre short stock if you were you wanted to go down youre afraid its going to go up so youd buy a call youd
