$1$

An American put option allows the holder to:

Multiple Choice

$10$

ooints

$00$:$04$:$41$

potentially benefit from a stock price increase.

sell the underlying asset at the strike price on or before the expiration date.

buy the underlying asset at the strike price on or before the expiration date and potentially benefit from a stock price increase.

sell the underlying asset at the strike price on or before the expiration date and potentially benefit from a stock price increase.

buy the underlying asset at the strike price on or before the expiration date.