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Month of May
The fifth month of the year in the Gregorian calendar, associated with spring in the northern hemisphere and autumn in the southern hemisphere.
Put Option
A financial contract allowing the holder to sell a stock, bond, commodity, or other asset at a specified price within a certain period.
Writer
In finance, it refers to the seller of an option contract, who is obligated to buy or sell the underlying asset if the option is exercised.
Premium
The amount by which the price of a security or insurance policy exceeds its par or face value or the cost of acquiring an option or futures contract.
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