What is an option that gives the holder the right to sell a stock at a specified price at some future time?

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Quizplus · Accepted Answer

A put option gives the holder the right to sell a stock at a specified price at some future time. A call option, on the other hand, gives the holder the right to buy a stock at a specified price at some future time. Naked and covered options refer to whether or not the option holder already owns the underlying asset (stock) that the option relates to, and are not relevant in this context.

What Is an Option That Gives the Holder the Right