> For the complete documentation index, see [llms.txt](https://hegic.gitbook.io/start/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hegic.gitbook.io/start/guides/how-to-buy-a-put-option.md).

# How to Buy a Put Option

1\. Visit Hegic website: [https://www.hegic.co](https://www.hegic.co/)

![](/files/-M71bGfsH8v5yRLsgvGw)

2\. Connect your wallet (use MetaMask or WalletConnect). Download: [https://metamask.io](https://metamask.io/) / [https://walletconnect.org](https://walletconnect.org/). Consider using [https://www.argent.xyz](https://www.argent.xyz/) / [https://trustwallet.com](https://trustwallet.com/)

![](/files/-M71bZsxR2TvJ20zmkBK)

3\. Read about the potential risks and click the "OK" button if you agree to continue

![](/files/-M71bo_QinVqi5C_VP7O)

4\. Choose the Holder role and click the "Holders" button

![](/files/-M71c5W-IVbHkyr3T5vf)

5\. Choose the "Put" type of an option contract on the interface

![](/files/-M728e_I-nCO2k1Zvitr)

6\. Choose the Size, Strike Price and Period for your option contract

![](/files/-M728yDS54h33Ywr2mT0)

7\. Click the "Buy Option Contract" button

![](/files/-M729HuzfXxVopRb5u9c)

8\. Confirm the transaction in your wallet and wait for the confirmation

![](/files/-M729_ZJZVGMjnK9MK2J)

9\. Voilà! You are now holding an ETH put option contract

![](/files/-M72ASnfTmTlxGJvIDhi)

10\. To exercise your option contract click the "Exercise" button and then click "Confirm"

![](/files/-M72BO5n_Sid5hGerLfj)

12\. Сlick the "Exercise" button one more time and then "Confirm" the exersicing transaction

![](/files/-M72pVEQOiM8vbcrGvWr)

13\. Your ETH will be swapped for DAI that you will receive to the wallet. You have exercised your option!

![](/files/-M72pBa63solIPbc4xg5)

##


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