Options Strategies for Hedging 🌐🛡️ Options can be powerful tools for hedging against market risk. Here are some strategies to consider: 1. Protective Put (Long Put): Buying put options on your existing stock positions gives you the right to sell them at a specified strike price, protecting against potential price declines. 2. Covered Call: If you own a stock, you can sell call options against it, generating income and limiting potential gains but providing downside protection. 3. Collar Strate