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American Put Option
A type of put option that can be exercised at any time before its expiration, allowing the holder to sell the underlying asset at a specified price.
Exercise Price
The price at which the holder of an option can buy (in case of a call option) or sell (in case of a put option) the underlying asset.
Call Option
A financial contract giving the buyer the right, but not the obligation, to buy an asset at a specified price within a specific time.
Expiration
The end of the effective period of a contract, policy, or agreement, often referring to options, futures, or insurance contracts.
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