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Derivatives Compass

Put option

Japanese
プット・オプション
Also known as
Put
Last reviewed
September 25, 2026

This is a draft, shown for review before publication.

A put option (put) is an option that gives its holder the right to sell the underlying asset at a price fixed in advance (the strike price). The buyer of a put makes a profit if the price of the underlying asset at expiry is below the strike price minus the premium.

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