![](/static/253f0d9b/assets/icons/icon-96x96.png)
![](https://lemmy.world/pictrs/image/8f2046ae-5d2e-495f-b467-f7b14ccb4152.png)
You are describing a put option, a contract to sell the stock at the end date for whatever price is in the contract. The opposite is a call option, a contract to buy the stock at the set price.
Shorting and puts are a bit different. To short a stock, you borrow the shares and sell them today, then need to give back shares at a later date to the person you borrowed them from.
They aren’t talking about quartz watches though. Seiko makes mechanical watches that were being compared to swiss mechanical watches costing way more.