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Which term best describes the following situation: Nick has the obligation to buy 100 shares of AAPL at 190 if the option is exercised.
Writers undertake obligations; buyers acquire rights. A put writer is obligated to buy stock from a put owner who exercises the option.
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Which term best describes the following situation: Nick has the obligation to buy 100 shares of AAPL at 190 if the option is exercised.
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