The order, if you sell it anyway
ActionSell to open
ContractSNDK Oct 16 $1480 put
You get$9,685 (limit about $96.85)
If it fallsBuy 100 shares at $1480
Cash to hold$148,000
Close earlyBuy back at about $19.37 ($1,937)
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.