👉 The term "underput" in finance refers to a financial instrument that is used to hedge or offset the risk of a change in the price of an underlying asset. When a buyer buys a put option, they are buying into a future date when they will receive a predetermined amount of money at a specified strike price for every point their option expires. The seller then sells the underlying asset to the buyer and agrees to pay out the full amount if the price moves in the opposite direction to the expiration date
