Hi Guys, I am new to options and I've done alot of futures and equity trading before. Options is always intrigued me and would like to learn more. Here is WHAT I need help with. I bought 1 dec 2011 395 put at $15.95 Now it trading around $29 AAPL is at $392 - I am $3 in the money. If i want to buy my put , will I just make money on the premium or premium and $3 x 100 shares ? What will happen if AAPL falls to $380 and in the money $15 . I base my profits on the premium its trading or premium plus the difference.