/biz/ - Business & Finance

friends, I'm dumb
how do put options work?
if ABCD4 is selling for 10$ and I buy a put option for it at 9, where do I profit?
if it falls for lower than 9, won't no one buy it because it's too expensive?

can someone explain for the brainlet?

yet i score very good on iq tests & turned a a 4 digit networth into a 8 digit networth crypto geeking when the total mcap is now pretty much as high as when i first started.

u objectively cant be smart if u behaved the way i have behaved, maybe just extreme male brain/ autism & socially retarded?