Sell. One word error.The point is, the person that took my ten...

Sell. One word error.

The point is, the person that took my ten dollars per share put themselves at risk of having to purchase shares from me at $760. There is no market distortion, unlike a shorting, because I don't borrow shares. If the put option goes to fruition, I buy 100 shares at the market price, and then they buy them from me for $760. I'm not selling something that I don't own. I'm saying that if by 3/8/24, it is advantageous for me, I will purchase NVDA shares at the market price, and someone that I paid $10 will have to buy them from me for $760.

If I wait too long, or NVDA's price continues to move upwards, the contract expires, and I lose my $10, but in no way did we distort the share price. Unless the put option is executed, literally nothing happens except that I hand someone $10/share, and if it is executed, I purchase 100 shares at the market price, and someone else buys them from me for $760. No shares were magically conjured up and sold, even though they didn't actually exist.