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- A put option (or “put”) is a contract giving the option buyer the right, but not the obligation, to sell—or sell short—a specified amount of an underlying security at a predetermined price within a specified time frame. This predetermined price at which the buyer of the put option can sell the underlying security is called the strike price.www.investopedia.com/terms/p/putoption.asp
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Put Option: What It Is, How It Works, and How to Trade Them
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