Which of the following best deﬁnes a put option?

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A put option is a type of financial contract that gives the owner the right, but not the obligation, to sell an asset at a fixed price within a specific period of time. It is essentially a bet that the price of the asset will fall, allowing the owner of the put option to sell the asset at a higher price than it is currently worth. It is the opposite of a call option, which gives the owner the right to buy an asset at a fixed price within a specific period of time.

Which of the Following Best Deﬁnes a Put Option