Put option pay off idiom
Go ahead, blow a gasket. Also, blow a gasket. For example, When his paycheck bounced, John blew a fuse, or Tell Mom what really happened before she blows a gasket. The first of these slangy terms dates from the 1930s, the second from the 1940s. Lose your temper. When you have the right to buy anything below the current market price, then that right has value.
Being in the money does not mean you will profit, it just means the option is worth exercising. This is because the option costs money to buy.
Option off pay idiom put