how can i make money if i buy a put option?

There are a few ways you can make money if you buy a put option:

If the price of the underlying asset falls below the strike price of the put option before the expiration date, you can exercise your option and sell the asset at the higher strike price, effectively making a profit on the difference between the strike price and the market price.


If you don't want to exercise your option, you can simply sell it on the open market before the expiration date. If the market price of the put option has increased due to a decrease in the price of the underlying asset, you can sell the option for a profit.


If the price of the underlying asset does not fall below the strike price before the expiration date, the option will expire worthless and you will lose the premium that you paid to buy the option. However, if you were able to buy the option at a price lower than the intrinsic value (the difference between the strike price and the market price of the underlying asset), you may still be able to sell the option for a profit before it expires.