The order
ActionSell to open
ContractQQQ Oct 30 $697 put
You get$1,522 (limit about $15.22)
If it fallsBuy 100 shares at $697
Cash to hold$69,700
Close earlyBuy back at about $1.52 ($152)
Chance you buy the sharesabout 40 in 100
Everyone sees the same card. It is not advice for you personally. You can lose more than you collect.