The order, if you sell it anyway
ActionSell to open
ContractAMD Oct 30 $490 put
You get$2,862 (limit about $28.62)
If it fallsBuy 100 shares at $490
Cash to hold$49,000
Close earlyBuy back at about $11.45 ($1,145)
Chance you buy the sharesabout 39 in 100
Everyone sees the same card. It is not advice for you personally. You can lose more than you collect.