Which one of the following will decrease the value of a put option?

Question

Quizplus · Accepted Answer

An increase in the price of the stock decreases the value of a put option because a put option gives the holder the right to sell the stock at a predetermined price (strike price). If the stock's market price increases, it becomes less likely that the option will be exercised, as the market price would be higher than the strike price, making the put option less valuable.

Which One of the Following Will Decrease the Value of a Put