Short Put Definition.

A short put is a bearish strategy that involves being short (selling) a put option on a security. The purpose of the short put is to profit from a decline in the price of the underlying security below the strike price of the put option. The maximum profit for a short put is equal to … Read more

Direct Writer Definition.

A direct writer is an insurance company that sells insurance policies through its own sales agents and does not use independent insurance agents. Direct writers are also sometimes called “captive agents.” What is an exclusive agent in insurance? An exclusive agent is an insurance agent who is authorized to sell insurance for only one insurance … Read more