[Kirby64]

$185 puts that cost $7.30 mean they are considered ITM if CRWD drops below $184.27, assuming there's no cost to trade and the $7.30 refers to a single options contract (worth 100 shares). There is likely some (or a lot) extrensic value still remaining in the puts given the far away expiry date. The extrensic value is what makes them valuable.

[deliveryboyman]

Yes that was a typo. I meant 185.

Regardless, all of this is just intellectual play considering the Reddit poster has no desire to exercise their options.