A Put Option Can Best Be Defined As

A put option can best be defined as:

A) An option that gives the owner the right, but not the obligation, to buy an asset.
B) An option that gives the owner the right, but not the obligation, to sell an asset.
C) Risk that futures prices will not move directly with cash price hedged.
D) An agreement by two parties to exchange, or swap, specified cash flows at specified intervals in the future.
E) An agreement that gives the owner the right, but not the obligation, to buy or sell a specific asset at a specific price for a set period of time.