Basics
Put Option
Right to sell shares at strike price
What is Put Option?
Put Option A contract giving the holder the right to sell 100 shares at the strike price before expiration. Put buyers are bearish; put sellers are neutral to bullish.
Complete Definition
A contract giving the holder the right to sell 100 shares at the strike price before expiration. Put buyers are bearish; put sellers are neutral to bullish.
Example
Buy AAPL $150 put for $3. If AAPL drops to $140, your put is worth at least $10 (intrinsic value).
Related Terms
AV
Written by
ApexVol Research Team
Quantitative options research
All calculations use live ORATS institutional data — the same source used by professional volatility desks.
RS
Technical reviewer
Ryan Silk, ApexVol Founder
Reviewed for technical accuracy
10+ years trading options. Built ApexVol's pricing engine, Greeks model, and IV-rank methodology.
This guide is updated as market conditions and ORATS data change. Last revised 2026-05-12.
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