### Comment:
What's the upside here? How much would OP make if it went down to $1,700 or $1,690?

### REPLY:
goes down to $1700, he loses the premium ($100K) he paid. $1690 means his profit is 1700-1690=$10; 10-3.45 (premium he paid per contract) = $6.55; $6.55\*100\*300= $196,500 profit if amazon goes down to $1690.

### END.