müügioptsioon

A müügioptsioon, often translated as a put option in English, is a financial contract that gives the owner the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price (the strike price) on or before a certain date (the expiration date). The seller of the put option is obligated to buy the asset if the buyer decides to exercise their right.

Put options are typically purchased by investors who anticipate a decline in the price of the underlying asset. If the market price of the asset falls below the strike price before expiration, the put option holder can exercise their option, selling the asset at the higher strike price and thereby limiting their losses or even making a profit. Conversely, if the asset's price rises or stays above the strike price, the option will likely expire worthless, and the buyer will lose the premium paid for the option.

The premium is the price paid by the buyer to the seller for the rights granted by the option contract. The value of a put option is influenced by factors such as the current price of the underlying asset, the strike price, the time remaining until expiration, the volatility of the asset, and prevailing interest rates. Müügioptsioonid are used for various purposes, including hedging against potential price drops in a portfolio, speculation on price declines, and generating income for option sellers.