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March Put
An options contract giving the holder the right to sell an asset at a specified price before or on a March expiration date.
Underlying Stock
The basic security or asset upon which derivative contracts, such as options and futures, are based.
Exercise Price
The predetermined price at which an option can be exercised, allowing the holder to buy or sell the underlying asset.
Risk-Free Rate
The theoretical rate of return of an investment with zero risk, often represented by the yield on government bonds.
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