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hi Im Jimmy in this video were looking at how we can use put options to protect our portfolio or how we can use put options to generate a stream of income for ourselves a lot like dividends would be the goal here is to understand what put options are and ultimately how we can use them what the risk is and what the potential gain is okay so to walk through put options we once again have our two investors Jimmy whos afraid that people will forget his naming to keep saying hi Im Jimmy and the much more confident Emily both have a decent knowledge of investing which is a good thing because options investing shouldnt be taken too lightly so Jimmy is interested in buying the put option and Emilys going to be the seller of the put option now in real life these two investors would never actually meet and were never gonna know whos on the other side of our trade both simply place trades with their brokerage company and then they move on from there whos on the other side is somewhat irr