Bullish to very bullish.
The investor employing the married put strategy wants the benefits of stock ownership (dividends, voting rights, etc.),
but has concerns about unknown, near-term, downside market risks.
Purchasing puts with the purchase of shares of the underlying stock is a directional and bullish strategy.
The primary motivation of this investor is to protect his shares of the underlying security from a decrease in market price.
He will generally purchase a number of put contracts equivalent to the number of shares held.
The investor employing the married put strategy wants the benefits of stock ownership (dividends, voting rights, etc.),
but has concerns about unknown, near-term, downside market risks.
Purchasing puts with the purchase of shares of the underlying stock is a directional and bullish strategy.
The primary motivation of this investor is to protect his shares of the underlying security from a decrease in market price.
He will generally purchase a number of put contracts equivalent to the number of shares held.