Please Wait...
Please Wait...
Please Wait...
Please Wait...
Please Wait...
Please Wait...
Please Wait...
Please Wait...
Please Wait...
Please Wait...
Please Wait...
Please Wait...
An individual who holds a put option contract but does not have a short position in the underlying security is known as the writer. The writer of a put option is obligated to buy the underlying asset at a predetermined price if the option is exercised by the buyer. This strategy is often used as a form of insurance against potential losses in the market. The writer must carefully consider the risks and potential outcomes before entering into a put option contract.