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American Put Option
A derivative security that gives the holder the right, but not the obligation, to sell a specified quantity of an underlying asset at a set price within a specified time.
Striking Price
The specified price at which the holder of an option can buy (call option) or sell (put option) the underlying asset.
Expiration Date
The specific date on which an options contract or other financial instrument becomes void and the rights under it cease to exist.
Put Option
A financial contract giving the option buyer the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specified time.
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