system
A chat on subreddit /r/wallstreetbets
human
&gt; Cash value of the strike price dude. Strike at 50, you own 1 put. $5,000 cash 
  
 That's not what's going to happen. People who wrote puts offered to buy shares at a certain price. They did not offer to settle up for the cash difference in market price vs strike price. 
  


gpt
That's how puts work though. The writer has a legal obligation to accept if exercised.