# Writing ETH put options Do you use limit orders to bid for ETH below the current price? After deciding that you are going to buy ETH, you can place a bid below the current market price, hoping for a dip in ETH price. This way, you would feel comfortable if you end up buying the ETH. Rather than waiting for ETH to hit your target price, you might consider using options to collect money today for being willing to assume the obligation of buying ETH if it moves to the lower price that you choose. It may seem a little counter-intuitive, but you can use write ETH puts to buy ETH. ### Example Let’s assume ETH is currently trading for $208. You would like to buy 200 ETH if it drops to $200. You could place a limit order to buy 200 ETH at $200 and wait to see if you buy. Or, you could write 200 ETH puts with a $200 strike at $4 and collect $800 on your willingness to buy 200 ETH at $200. By using this strategy, you can generate additional returns in your stablecoin holdings by collecting a premium for your willingness to be obligated to buy ETH at a price that is below the current price. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.auctus.org/use-cases/writing-eth-put-options.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.