Put Option

A put option is a financial contract that gives the buyer the right (but not the obligation) to sell an underlying asset at a specified price (the strike price) before or on a specific expiration date. In crypto markets, put options allow traders to profit from price declines or hedge against downside risk in their portfolio. The maximum loss for the buyer is the premium paid for the option. Put options are the counterpart to call options, which profit from price increases.