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An option—a right that operates as a continuing proposal—given in exchange for consideration—something of value—permitting its holder to sell a particular stock or commodity at a fixed price for a stated quantity and within a limited time period.

A put is purchased for a fee paid to the person who agrees to accept the stock or goods if they are offered. The purchaser of this right to sell expects the price of the stock or commodity to decrease so that he can deliver the stock or commodity at a profit. If the price rises, the option need not be exercised. The reverse transaction is a call.


(Place), verb apply, assign a place, attach, base, deposit, dispense, fix, give, imbed, implant, infuse, inject, install, instill, introduce, lodge, park, place, plant, raise, repose, seat, set, site, situate, station, submit, tender
Associated concepts: constructive bailment, involuntary bailment


(Phrase), verb ascribe, attribute, cast, describe, impute, pose, posit, postulate, present, propound, say, set forth, state, throw
See also: advance, deposit, dispose, give, house, impute, introduce, locate, lodge, phrase, place, plant, raise, repose, situated, submit

TO PUT, pleading. To select, to demand; as, the said C D puts himself upon the country; that is, he selects the trial by jury, as the mode of settling the matter in dispute, and does not rely upon an issue in law. Gould, Pl. c. 6. part 1, Sec. 19.

References in periodicals archive ?
The Next Ice Age puts across these points persuasively.
But Wilson's narrative puts across the sheer personal toll of carrier deployments.
By midday, traders sent 7,180 puts across the tape, representing nearly 14 times the stock's average volume of 204 contracts.
On the uncharacteristically dark, well-crafted ``The Sun Doesn't Like You,'' for instance, Jones' plaintive, smoky voice puts across lyrics like, ``We can build a fire/In the open field past the razor wire/Sneak by the dogs when they go to sleep.
The advertising conveys more than just information about the cars, it puts across the spirit of the Infiniti brand as well," said Scott Fessenden, Director of Infiniti Marketing.
Toledo puts across Rafi's every doubt and worry, but he doesn't have enough nervous energy that the wackier complications ought to trigger.