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Many thanks all! Re. legal/compliance. Nothing in the "employment agreement" or "stock award contract". However, the "insider trading policy" says "derivative trades are discouraged and require preclearance". Oh well, will scratch this idea. Thanks again!

Hi, I have AMZN restricted stock that vests in 2018. To protect against market downside, should I "sell calls" or "buy puts"? I'm new to options, but guessing I should sell calls and take some credit in the process. Any advantages to buying puts instead? Appreciate any advice. Andy