Can someone explain how I can use put options to take a short stance on a stock.

Disclaimer: I'm completily lost when it comes to options trading.

For example, say I bought a put option in tesla with a strike price of $200 for 14.8 that expires on jun 14. The option has currently grown to 19.5 as shown on yahoo's TSLA Option's page. Can i simply sell the option at 19.5 and take the gross profit of 4.7?

Submitted March 31, 2014 at 10:40PM by rolluaroll http://ift.tt/1gW2LwR