A put is like having a magic ticket that lets you sell something at a special price. Imagine you have a toy that you might not want to keep. With a put, you can decide to sell that toy for a certain price, even if the toy becomes less popular or less valuable later. It’s like having a promise that you can sell your toy for a good price, no matter what happens.
Think of a put like an umbrella on a rainy day. The umbrella is there to keep you dry if it starts raining. In the same way, a put is there to protect you if the value of your toy goes down. It’s a way to make sure you’re safe from losing too much, just like the umbrella keeps you safe from getting wet.
A put can also be seen as a safety net. Imagine you’re walking on a high rope, and below you is a net. If you fall, the net catches you. The put is like that net, ensuring that if things go wrong, you’re not going to lose everything. It’s a type of protection or insurance.