A put option is a contract that gives its owner the right to sell an asset at a future date at a predetermined price.
With most "free" phone deals from mobile carriers, you're required to ship your old phone back to them in a trade-in situation. But Verizon is offering a preorder deal that requires much less effort on your part. You'll get the Samsung Galaxy S26+ for free just by switching your mobile plan to the new Unlimited Ultimate or Unlimited Plus plan.
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