What is a 'Put Option' A put option is an option contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying security at a specified price within a specified time. This is the opposite of a call option, which gives the holder the right to buy shares. BREAKING DOWN 'Put Option'
High Altitude Sickness and Everest Base Camp. One of the major challenges facing trekkers heading to Everest Base Camp or any other high elevation trek in the Himalayas is dealing with the potential threat of High Altitude Sickness. The primary cause of High Altitude Sickness is a decrease in the amount of available oxygen with altitude.
âHe wonât be doing the full climb, as it will take a long time and it requires rigorous training, so I think heâll be joining us at base camp,â Hughes told The Telegraph. It can take up to 10 days just to reach base camp from the south on the Nepalese side, the route Sir Edmund Hillary and Tenzing Norgay used to first conquer Everest in 1953. Once there, climbers usually spend six weeks on the mountain acclimating to the thin air and doing practice climbs before making the five-day summit push.