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Married puts target downside risk in unusually active OVV, ONON, FCX options
The strategy combines owning shares with put protection, and the article cites an OVV breakeven of $63.06 for an Oct. 16 $55 put based on Thursday’s trading.
Yahoo Finance highlights the “married put” options approach, describing how investors can pair long stock positions with one or more put options to hedge against unexpected declines in share prices.
The article points to unusually active options activity as a basis for showing how the hedge could be structured, noting that the strategy is intended to help reduce risk when momentum trades attract “FOMO” investors chasing large gains.
For Ovintiv (OVV), Yahoo Finance says the energy producer has gained about 200% since relocating its headquarters to Denver in 2020, and it cites Q2 2026 revenue of $3.01 billion, up 30% year over year, plus a nearly 23% free cash flow margin.
Yahoo Finance also provides an example hedge for OVV using the Oct. 16 $55 put, including a $63.06 breakeven level and a maximum loss of $8.06 based on the share price, the strike, and the put ask price it references.