 Welcome to the options beginner series once again and in this course We are going to look at long puts long puts means we're going to buy put options And we're going to use fxc the euro ETF for this example although we've seen a Couple of smaller examples. We are going to look at the put option just like we did in the first two courses on buying a call option as well as selling a call option and what we're going to do is Identify a candidate a suitable candidate for the put option Then we're going to try to create a trade rationale We look at charts. We look at the analysis and see what the charts are telling us and then Once we know what we want to do then our decisions are based upon The choice of expiry series The choice of moniness and then we'll also look at margin requirements the Greeks and the profit and loss and stuff like that so This course is on a put option and the candidate that I've selected is the F X E The F X E is the euro ETF so the F X E in general will mirror the US dollar euro Spot-trading rates. So here we see that the euro is currently trading at about 131 Dollars and 93 cents. So this is the F X E and If you look at a one-year chart of the F X E We can see that it hit a high last year last year in May of about a hundred and forty eight and Since then the euro has been on a downtrend whenever you see a chart from the top left to the bottom right, you know, that's a clear downtrend and Yesterday Spain got downgraded to notches. So the euro problems are still very persistent and they might have some near-term fixes and Some quantitative easing programs just like we do in the in the US. These are all temporary Band-aids and the euro is On a long-term decline against the US dollar and you can see that in this one in this one-year chart Now also, if you if you notice the last few days the euro has been going up So it was at at at the 130 level about two weeks ago And then since then it's just been steadily moving up So that why I'm choosing this as a candidate for my put option is if I can see the previous three to four months It goes up. It comes down. It goes up. It comes down. It goes up. It comes down And it's just finished. It's two week up move here. I expected to come down to about 130 I think we can make a quick profit if it does that and so I want to buy a put option So I want to capitalize on the move downward in the euro