$35 per share. you can buy the stock for $35 and sell it using the put option for $50 per share. you make $15 per share, so the option price is $15. but if the stock price goes up to $45 per share, exercising the option only nets you $5 per share. in other words, when the stock price goes up, the price of a put option goes down.
when a stock’s market price rises above the strike price, a put option is out of the money. this means that, other than the premium, the option has no value and the price is close to nothing. the reason is simple: you 