Correct Answer: Option D

Explanation

A put option in the stock exchange is an option to sell a specified amount of an underlying security at a specified price within a
specified time. This is a financial contract between the buyer and the seller of the put option. The buyer of the put option has the
right, but not the obligation, to sell an agreed quantity of a particular commodity or financial instrument (the underlying) to the
seller of the option at a certain time for a certain price (the strike price).

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