Currency Option

A put option is the right to sell the currency at a fixed rate (but not the obligation - you exercise the option if it is in your favour, you do not exercise it if it is not in your favour). There is no such term as a 'splot option'!!! A US dollar put option is the right to sell US dollars at a fixed rate. A Splot put option is the right to sell Splots at a fixed rate. (The company is based in Farland which has the Splot as its currency!!!)

Thank u very much

You are welcome :-)