Search Elements:
- Taxonomy
- us-gaap
- Name
- PutOptionMember
- Label
- Put Option [Member]
- Period Type
- duration
- Type
- dtr-types:domainItemType
- Definition
- A financial contract between two parties, the buyer and the seller (writer) of the option, where the buyer has the right but not the obligation to sell a commodity or financial instrument (the underlying instrument) to the seller (writer) at a certain time for a certain price (the strike price). The seller (writer) has the obligation to purchase the underlying asset at that strike price, if the buyer exercises the option.