[Discuss Thrower]

Originally Posted by Munson

Ok, now I'm more confused. I thought if you buy a put, the only way to make money is if the current price of the stock is lower than the strike price.

Disregard what I said.

Use This as a test to get an idea of what your puts are worth.

That blurb I copy, pasted and edited from here which has a much more clear guide to determining what your puts are worth in building a quick model in Excel.

A put has worth if its strike is higher than the underlying if you are long that put. If you're short the put or have leveraged up you could have a bad time.