is there such a thing as a covered put 
in contrast to call options put options grant the contract holder the right to sell the underlying as opposed to the right to buy it at a set price 5 the equivalent position using puts would involve selling short shares and then selling a downside put this however is uncommon instead traders may employ a married put where an investor holding a long position in a stock purchases a put option on the same stock to protect against depreciation in the stock s price the bottom linea covered call is an options trading strategy that allows an investor to profit from anticipated price rises to make a covered call the call writer offers to sell some of their securities at a pre arranged price sometime in the future this strategy offers lower upsides than other options strategies but also offers lower risk correction june 18 2024 this article has been corrected to state the maximum potential profit of a covered call in the example above 