Question

A put option gives its owners the right, but not the obligation, to: buy a commodity at a specified price and future date, at which time physical delivery occurs. sell a commodity at a specified price and future date, but physical delivery does not occur. sell a specified number of shares at a certain price within a specified period of time. buy a specified number of shares at a certain price within a specified period of time.

Answer 1

sell a specified number of shares at a certain price within a specified period of time.

Step-by-step explanation:

A put option is a contract in which there is a right given to an owner but its not an obligation for selling a particular number of shares at a specific price within a time period set. Here specific price we called as predetermined price where the option put the buyer to sell at the strike price

Hence, the third option is correct