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The buyer of a put option contract: a. Receives the option premium in exchange for an obligation to buy an underlying asset. b. Pays an

The buyer of a put option contract:

a. Receives the option premium in exchange for an obligation to buy an underlying asset.

b. Pays an option premium in exchange for a right to buy an underlying asset during a specified period of time.
c. Pays the strike price at the time the option is purchased and in exchange receives the right to exercise the option at any time during the option period.
d. Pays an option premium in exchange for a right to sell an underlying asset during a specified period of time.

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