Buying S&p Puts -

: The "use-by" date. If the market doesn't drop by this time, the option expires worthless.

: As the S&P 500 price goes down , the value of your put option goes up . 🔍 SPY vs. SPX: Which to Choose? buying s&p puts

You can buy puts on the or the SPX Index . They track the same market but have different rules: SPX vs SPY: How to Trade the S&P 500 - Option Alpha : The "use-by" date