Long Puts (Buying Puts)

Buying a put option from the trade page results in long puts.
An ideal strategy if you are bearish about a crypto asset and want to leverage the falling prices.
Example: Suppose you have $30,000, and ETH is currently trading at $5,000. You can buy 6 ETH at the current price. Let us suppose by the end of next month ETH is down by 15%, i.e., ETH price now is $4250, then you make a loss of $4,500 ( $25,500 - $30,000).
Now let's use options; in this case, instead, you bought ETH puts at $5,000 expiring at the same time, you paid $300 per option. You can get 100 options for this price. Ignore all trading fees; this means with a 15% decrease, you get $45,000 as profit. You can hedge your positions using this mechanism.
Total Investment
Current Stock Value
Strike Price Value
Options Status
In The Money
Total Profit
Your max loss when buying long puts is always the premium you paid - when your asset price is above the strike at expiry. Your max profit is theoretically infinite.