In options markets,an American put option lets the buyer:

Question

Quizplus · Accepted Answer

The American put option gives the buyer the right to sell the underlying asset at the exercise price on or before the expiration date. This is different from a call option, which gives the buyer the right to buy the underlying asset at the exercise price. Option C may also be true, but it is not specific to American put options. Option A is the definition of an American call option, and option D is incorrect as American options can be exercised before expiration.

In Options Markets,an American Put Option Lets the Buyer