We will be understanding on the Long Put Option and what it is all about.
Let us suppose if Nifty is trading 21750 points. Now, if I say it will decrease or fall below of 21750, then I will win. It is more like bet where you are betting on the chance of decrease in the Nifty Points. To exercise this one needs to pay the Premium in order to buy the Put Option. So, if it goes against you will loose only Premium i..e limited loss but it falls below 21750, then you will make money.
Let us understand through the video