In the example above, the Treasury bond December/90 put option gives the buyer the right to sell $ 100000 par value of the Treasury bonds at a price of $ 90000 on or before the expiration date.

In the example above, the Treasury bond December/90 put option gives the buyer the right to sell $ 100000 par value of the Treasury bonds at a price of $ 90000 on or before the expiration date.

在上例中，一份12月中期国库券卖出期权授予持有方在到期日或者之前，按照90000美元的价格出售面值100000美元的该种国库券的权利。