Chicago Board Of Trade Options

If I buy a put option for INFY, it acts as a "cover" for holdings in NASDAQ INFY? Please specify if I need to have a map of income tax in the United States to buy options.

I do not think you need the car registration tax in the United States to trade options the United States. I think the best thing is to talk to a broker who can trade on U.S. exchanges, and know what are the requirements. If you have access to Scottrade or TD Ameritrade, are the two options. There are many other brokers who trade on U.S. markets.

Yes, if you hold shares of INFY or any other company, then buy "puts" (which are on the Paris stock price goes down), then you have covered your position.