The order
ActionSell to open
ContractDELL Oct 16 $530 put
You get$2,938 (limit about $29.38)
If it fallsBuy 100 shares at $530
Cash to hold$53,000
Close earlyBuy back at about $14.69 ($1,469)
Chance you buy the sharesabout 38 in 100
Everyone sees the same card. It is not advice for you personally. You can lose more than you collect.