单选题 An options investor purchases one stock put option on General Motor"s stock. The put has the following characteristics :
Type of option: put option
Underlying asset: 100 shares of General Motor"s stock
Exercise price : $75 per share
Premium: $1.81 per share
Expiration date : November
By taking a LONG position in this put option, the investor has:

A、 purchased the right to decide whether to sell 100 shares of General Motor"s stock and receive $181 during the specified time period (the expiration date in November)
B、 purchased the right to decide whether to purchase 100 shares Of General Motor"s stock and receive $181 during the specified time period (the expiration date in November)
C、 none of the above

【正确答案】 C

【答案解析】A Long put gives the option buyer the right to decide to sell the underlying instrument. The exercise price is 1 × 100 × 75 = 7500.