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Put Option
A contractual agreement allowing the possessor the choice, not the duty, to dispose of a particular volume of an underlying asset at an agreed-upon rate before a certain deadline.
Strike Price
The predetermined price at which an option's holder has the right to purchase (for a call option) or sell (for a put option) the underlying asset.
Option
An option is a financial derivative that gives the holder the right, but not the obligation, to buy or sell an asset at a predetermined price within a specified timeframe.
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