> Today's word on Binance WOTD was *PUT* under the topic Binance Stock Options.
>
> The PUT Option is your right to sell the underlying asset at a specific price even if the market drops. Many traders use it as a hedge for their portfolio when the market is volatile.
>
> For example, if you hold $BTC and you're worried about a decline, buying PUT gives you insurance.
>
> How do you use put options in your strategy?
>
#BinanceStockOptions