There are multiple definitions - click on the translation that matches your context.

Andienungsrecht

Substantiv

partial

put option

noun

Comparative law notes

Germany

This English phrase will likely be the best fit when the context in German is vague or generalized.

Definitions of put option

English

the right, but not the obligation, to sell an asset for a specified price within a specified time period

You can sell a put option on the stock, giving a buyer the right to sell the shares to you at a price lower than $291.