put options

**Put Options**

Put options are financial contracts that give the holder the right, but not the obligation, to sell an underlying asset at a specified price (known as the strike price) within a certain period of time. They are commonly used in options trading to hedge against potential declines in the price of the asset or to speculate on price decreases. Put options play a key role in risk management and investment strategies, allowing traders to protect their portfolios or profit from falling markets.