$NVIDIA (NVDA.US)$ A $1,000,000 put bet on the 80 strike yes...

lSlippyl : people will buy in after them and they'll dump the contracts for premium

Maniac Fool : Did he/she use margins?

Maniac Fool : This put expired on 17/02/2025. Is possible

10baggerbamm OP Maniac Fool : who knows... but why would you?

Maniac Fool 10baggerbamm OP : Cos 1.97 x 5000 =9,850

10baggerbamm OP Maniac Fool : it's 5,000 contracts each contract is 100 shares. you need to add a comma and three zeros

Maniac Fool 10baggerbamm OP : Icic. I learnt something today

darkapple : will it matter if it's a sell put or buy put?

10baggerbamm OP darkapple : oh yeah it makes a difference.. if you sell a put you collect the premium you're paid right up front however in the demise of the underlying security like it goes to zero in the worst case scenario you'll be put that stock at the strike price that you sold the put so your downside is a hell of a lot more than the premium that you collected your downside is if you own the stock and it goes to zero minus the premium that you collected.
if you buy a put, your maximum loss is the premium that you paid, however if the stock collapses even if it doesn't go in the money below your strike price but because it falls very quickly and there's time value left you profit immensely. once it goes in the money your profit is your option is going up tick for tick dollar for dollar just as the underlying stock falls.
my suggestion this is very basic understanding options 101 is that you spend some time moo moo has excellent educational instructional videos on options and in your spare time you get informed so that you understand  the terms and the risk parameters of each type of option trade there is