What is another word for put option?
Pronunciation: [pˌʊt ˈɒpʃən] (IPA) 
A put option is a contract between two parties that allows the buyer to sell a specific asset, such as a stock, at a predetermined price before a specific expiration date. Other terms that are commonly used as synonyms for the term "put option" include a "put contract," "long put," or "selling a put." These terms all refer to the same financial instrument and have the same underlying meaning. Traders often use put options to hedge against the risk of a decline in the value of an asset, or they can also use the option to generate income if they believe the asset's price will remain steady or increase.
