The following video is part of a special series in which Motley Fool analyst Andrew Tonner and "Options Whiz" Alex Pape discuss how to make 2012 the year YOU master the market.

In this edition, Andrew and Alex analyze Alaska Communications Systems Group. Obviously, investing in the stock market carries risk. In this article, part of The Motley Fool's Options Education Month series, Motley Fool Options analyst Alex Pape sits down with fellow Fool Andrew Tonner to talk about one specific strategy designed to profit from a holding he believes may decline.

For more details on how to trade Alaska Communications Systems Group using similar options strategies with as much potential or more, just click here.

You'll be directed to the Motley Fool Options Whiz -- our interactive "Options U" designed to teach you to trade options sensibly, with a minimum of risk, and all the resources of The Motley Fool behind you -- all 100% FREE!

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.