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hi im brandon from basic wisdom before we get started just a quick plug for achievable now offering courses on all major finra and nasaa exams including the sie series 6 7 63 65 and 66 exams this is a great learning program if youre looking for easy to read fun and engaging learning material with tons of real world examples hundreds of practice questions and unlimited final exams check out achievable for free by following the links below in the description lets look at a set of questions that relate to a hedging strategy together to see if we can better understand whats going on all right so an investor goes long 100 shares of bcd stock at 53 and purchases one bcd july 50 put at three obviously you can see a number of questions we have up here everything from whats the strategy whats the market sentiment max gain loss uh break even gain losses at different points so heres what you should do take a moment pause the video and see how many of these questions you can answer on your