# How to Buy a Put Option

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

![](https://3046830689-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-M3LB8egeaJAQyXbYgxx%2F-M71ZIYlLBPHdlC7ajjR%2F-M71bGfsH8v5yRLsgvGw%2F1.png?alt=media\&token=fc1806f7-6604-4ee8-be73-f84b08e3cce1)

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/)

![](https://3046830689-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-M3LB8egeaJAQyXbYgxx%2F-M71ZIYlLBPHdlC7ajjR%2F-M71bZsxR2TvJ20zmkBK%2F2.png?alt=media\&token=75268ab2-af97-47ad-b7c5-2510d5daf0d2)

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

![](https://3046830689-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-M3LB8egeaJAQyXbYgxx%2F-M71ZIYlLBPHdlC7ajjR%2F-M71bo_QinVqi5C_VP7O%2F3.png?alt=media\&token=51280059-83d1-48e3-b278-a0e6bbbc278c)

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

![](https://3046830689-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-M3LB8egeaJAQyXbYgxx%2F-M71ZIYlLBPHdlC7ajjR%2F-M71c5W-IVbHkyr3T5vf%2F4.png?alt=media\&token=4894c7ff-25a3-473f-8a4e-f297e0f0ecb0)

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

![](https://3046830689-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-M3LB8egeaJAQyXbYgxx%2F-M727kfaOkYJRR36FPZT%2F-M728e_I-nCO2k1Zvitr%2F5.png?alt=media\&token=2c55b357-6c3f-4492-ac65-40a9fad74f0c)

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

![](https://3046830689-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-M3LB8egeaJAQyXbYgxx%2F-M728fQMk2i84yTk3UMM%2F-M728yDS54h33Ywr2mT0%2F6.png?alt=media\&token=acc743c4-471b-4fc9-9436-6c130bf22c15)

7\. Click the "Buy Option Contract" button

![](https://3046830689-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-M3LB8egeaJAQyXbYgxx%2F-M728fQMk2i84yTk3UMM%2F-M729HuzfXxVopRb5u9c%2F7.png?alt=media\&token=ecd66d60-7340-4c5f-9b8b-bb0d9515aa90)

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

![](https://3046830689-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-M3LB8egeaJAQyXbYgxx%2F-M728fQMk2i84yTk3UMM%2F-M729_ZJZVGMjnK9MK2J%2F8.png?alt=media\&token=8e1e7cb2-d6ea-4e63-bafe-5219f9a04912)

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

![](https://3046830689-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-M3LB8egeaJAQyXbYgxx%2F-M728fQMk2i84yTk3UMM%2F-M72ASnfTmTlxGJvIDhi%2F99.png?alt=media\&token=861bd769-b15f-4e25-85ee-c6831f877e0b)

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

![](https://3046830689-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-M3LB8egeaJAQyXbYgxx%2F-M72AZ64lWZ7euLTwsou%2F-M72BO5n_Sid5hGerLfj%2F999.png?alt=media\&token=d5f3cca7-18bc-4520-9f2e-1e0c515a5f11)

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

![](https://3046830689-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-M3LB8egeaJAQyXbYgxx%2F-M72MFaiZJBqwife-4Cq%2F-M72pVEQOiM8vbcrGvWr%2F9999.png?alt=media\&token=c4f2c1b6-3191-42e1-803c-4f4be1be4430)

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

![](https://3046830689-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-M3LB8egeaJAQyXbYgxx%2F-M72MFaiZJBqwife-4Cq%2F-M72pBa63solIPbc4xg5%2F99999.png?alt=media\&token=7844feb5-54e9-402b-857c-4fede1658cc7)

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