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Intrinsic value for a Put option: If the stock price is below the strike price the these put options have intrinsic value , that means the strike price minus the current stock price Example: Current stock x price = $310 Strike price = $290 Intrinsic value = $310 $290 = $20 The top chart displays the stock price relative to the strike price over 51 days from April 15th to June 1st, The red line represents the strike price, while the shaded area indicates that whenever the stock price is above that line we have the positive intrinsic value.The bottom chart shows the option price and its intrinsic value over the same period

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Approach the situation positively