what is a married put 
married put is the name given to an options trading strategy where an investor holding a long position in a stock purchases an at the money put option on the same stock to protect against depreciation in the stock s price the benefit is that the investor can lose a small but limited amount of money on the stock in the worst price drop scenario yet still can participate in any gains from price appreciation the downside is that the put option costs a premium and it is usually significant in terms of downside protection a married put may be compared with a covered call 