The writer of a put option has a right, but not obligation, to buy the underlying currency from the option buyer.

Name: The writer of a put option has a right, but not obligation, to buy the underlying currency from the option buyer.
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The writer of a put option has a obligation, but not a right, to buy the underlying currency from the option buyer. The option buyer has the right to sell the currency to the writer at the strike price specified in the put option contract.

The Writer of a Put Option Has a Right, but Not