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Studies have shown that drivers who are talking on cell phones have slower reaction times than drivers who are legally drunk.
Put Option
An agreement in finance that allows the owner to sell a predetermined quantity of a basic asset at an agreed-upon price during a defined period, though they are not required to do so.
Expiration
The end of an agreement or period, after which it is no longer valid or in effect.
S&P 100 Index
An American stock market index consisting of 100 large, widely held companies across multiple industries in the United States.
Exercise Price
The fixed price at which the holder of an option can buy (in the case of a call) or sell (in the case of a put) the underlying asset.
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