Put options are a contract that give the buyer of a put option the right, but not the obligation, to sell an underlying asset at a specified price called the strike price, within a specific time period before the expiration date. A put buyer can profit when the underlying asset decreases in price and can be sold at will at the current market value anytime before the expiration date. Put options typically give the holder the right to sell 100 shares of the underlying asset.
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