The opportunity, but not the obligation, to sell a security within a specified period of time at a guaranteed price is put option.
Put option involves selling a particular goods off before it becomes obsolete.
About to expire goods also fall into this category as they are put on option by the seller without.
The buyer call also sell products withing this category.
Therefore, the opportunity, but not the obligation, to sell a security within a specified period of time at a guaranteed price is put option.
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