### Comment:
What are leap puts? How does buying puts act as insurance for the price of the stock?

### REPLY:
Leaps are just long term options that are a year out.  As for how they act as insurance there are websites that explain it better than I can.  Google for 'put insurance' 
  
 E.g. https://www.investopedia.com/terms/p/protective-put.asp

### END.