A Put Option Is a Contract

Multiple Choice

A put option is a contract

A) that gives the owner the right,but not the obligation,to buy shares of a stock at a specified price within the time limits of the contract.
B) that gives the owner the right,but not the obligation,to sell shares of a stock at a specified price within the time limits of the contract.
C) in which the seller agrees to provide a particular good to the buyer on a specified future date at an agreed-upon price.
D) that gives the owner the right,but not the obligation,to buy or sell shares of a stock at a specified price within the time limits of the contract.