A Put Option: I. Is a Form of Derivative

A put option:
I. Is a form of derivative
II. Gives the holder the right to sell the underlying asset by a certain date at a certain price
III. Is used to protect price declines
IV. Authorizes the holder to "put away" a stock
V. Is traded on Chicago Board Options Exchange

A) All the statements are correct
B) Only IV is correct
C) Only IV is incorrect
D) II, III, and IV are correct
E) III, IV, and V are correct