put option

/ˌpʌt ˈɑpʃən/

Definitions of put option

1. noun

   the option to sell a given stock (or stock index or commodity future) at a given price before a given date
   synonyms: put

   antonyms:

   call option

   the option to buy a given stock (or stock index or commodity future) at a given price before a given date

   type of:

   option

   the right to buy or sell property at an agreed price; the right is purchased and if it is not exercised by a stated date the money is forfeited
2. noun

   an option to sell
   type of:

   stock option

   the right to buy or sell a stock at a specified price within a stated period