I have to theoretically obtain a put option on your stock. Assume you have 500 shares of the stock and five put option contracts. Compute your gain or loss on the combined position if the stock price increases 20% and decreases 20% at the time of expiry.

The stock I chose was Oracle and at the time it was trading at $59.56

I'm questioning what would the gain and loss be with the information given. I don't understand what a put option contract is, if I have 5 put option contracts what would the loss and gain be as indicated with a 20% increase and 20% decrease if the stock was trading at $59.56.

Explain what the price differences would be, why they vary, and how/why put option contracts are attractive or unattractive options.

I do not know what is being asked. I have zero understanding. So much so that clearly I don't even know how to word the question to get a response that could be helpful. I don't know what's missing, I don't know how to answer to provide more info. What i gave is what I've got to work with. I'm clueless.