Put Option definition

Put Option (also called Put) is a right to sell a number of shares of a stock at specific price (called Strike Price) within specified period of time.

For example, say today is March, and you buy May (of the same year) Put Option to sell 1000 shares of ABCD at 25. That means that you have a right (but not obligation) to sell 1000 shares of ABCD at $25 per share until the end of 3rd friday of May (options expire on third friday of every month).

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