The type of security that gives the holder the right, but not the obligation, to sell a certain number of shares of stock for a specified price during a specified period is a:

The type of security that gives the holder the right, but not the obligation, to sell a certain number of shares of stock for a specified price during a specified period is a:

The type of security that gives the holder the right, but not the obligation, to sell a certain number of shares of stock for a specified price during a specified period is a:


A) put option.

B) call option.

C) currency swap.

D) stock index future.



Answer: A) put option.


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