A _____ is a derivative security that gives the owner the right,but not the obligation,to sell an asset at a fixed price for a specified period of time.

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A put option is a derivative security that gives the owner the right, but not the obligation, to sell an asset (such as stock or commodity) at a fixed price (strike price) for a specified period of time. This allows investors to make a profit if they believe the value of an asset will decrease in the future. Futures contracts and forward contracts are also derivatives, but they require both parties to buy or sell the underlying asset at a specified price and time in the future. A call option is a derivative that gives the owner the right, but not the obligation, to buy an asset at a fixed price for a specified period of time. A swap is a financial agreement between two parties to exchange financial instruments (such as currencies or interest rates) in the future.

A _____ Is a Derivative Security That Gives the Owner