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Question: What is a put option?
Answer: the right to sell a specific stock for a specified period of time
Question: What is selling an option?
Answer: a put option can be exercised before and up to the expiration date
Question: What is a call option?
Answer: a call option on the right to buy an asset at a specified price
Question: What is the risk free rate?
Answer: The interest rate that can be earned with certainty
Question: What is Apple Inc ticker symbol?
Answer: It is known as their option.
Question: What is a protective put spread?
Answer: a put option will be a a transaction of the put options on the same exercise price