Contango = near term prices are lower than long(er) term prices.
Upward progression: Jan @ 100, Feb @ 105, Mar @ 110.
Backwardation = near term prices are higher than long(er) term prices.
Downward progression: Jan @ 110, Feb @ 105, Mar @ 100.
Again you fail to grasp what the OP asked.
Actually, by definition, any amount of "loose interpretation" is a lack of reading comprehension.
You failed.
Just buy the same expiration 75 p and let the position expire.
You will be trading the long stock against a synthetic short (long p / short c). If theta has killed the value of the put then you may be able to lock into the conversion for a small profit.