The owner of an American put option has the ________ an asset at a fixed price during a stated period of time.

Name: The owner of an American put option has the ________ an asset at a fixed price during a stated period of time.
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An American put option gives the owner the right to sell an underlying asset at a fixed price (strike price) during a stated period of time (until expiration). This means that the owner has the option to sell the asset at the strike price, but is not obligated to do so.

The Owner of an American Put Option Has the ________