When a put option is exercised, the:

A$)$ holder of the option sells the undertying asset and receives the option

premium.

B$)$ writer of the option receives the option premium.

C$)$ writer of the option is obligated to buy the underiying stock and pay the

strike price.

D$)$ holder of the option pays the option premium and recelves the underlying

stock

E$)$ seller of the option receives the strike price.