The following video is part of a special series in which Motley Fool analyst Eric Bleeker and "Options Whiz" Jeff Fischer discuss how to make 2012 the year YOU master the market.

In this edition, Eric and Jeff analyze IPG Photonics. Eric feels that the company has fallen too far relative to its position as the leader in the booming fiber laser market, but is also afraid of potential losses if growth stocks continue to be sold off. To counter this, Jeff offers an options strategy to limit downside while offering attractive gains if IPG rebounds.

Neither Jeff Fischer nor Eric Bleeker own shares of the companies listed above. The Motley Fool owns shares of Rofin-Sinar Technologies and IPG Photonics. Motley Fool newsletter services have recommended buying shares of IPG Photonics and Rofin-Sinar Technologies. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.