A contract granting an investor the right to sell a specified number of equity shares at a set price on or before the expiration date is known as a:

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A put option is a contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying security at a specified price within a specified time. This contrasts with a call option, which gives the right to buy.

A Contract Granting an Investor the Right to Sell a Specified