Cool. Much simpler way for me to understand. I think one correction. I sold the option for $18.
so by the table above
At expiry,
a. if VOO is above $268, called away and equivalent sale price is $268
b. if VOO is below $250, call expired
Stress 
Forgot how to do simple arithmetic.
Somehow TWTR has managed to stay flat during all of this carnage.
BOTTOMED?
Don’t @ me if it keeps falling. 
Sold all my puts today. Crazy market driven by oil shenanigans.
Just in case, you miss it, your equivalent purchase price is $254 ($272-$18), so any trading price below $250 you lose. $250-$254 you are very lucky because it will be assigned.
You may want to research zero cost collar - sell a call and buy a put - Protect disastrous drop in price without spending a cent - but if price started to run, you miss the gain.
We have two ambidextrous traders, @jil and @harriet in this forum. Good job. Somehow my brain is not wired so.
Yep. Once I wrote the outcome states, it became clear. should have done that sooner. Either way, I wanted to protect some of the downside, and don’t mind the option being called away.
What is the expiry date?
The option expiry is Apr 17th.
@hanera point is right.
Just in case, you miss it, your equivalent purchase price is $254 ($272-$18), so any trading price below $250 you lose. $250-$254 you are very lucky because it will be assigned.
You may want to research zero cost collar - sell a call and buy a put - Protect disastrous drop in price without spending a cent - but if price started to run, you miss the gain.
BTW: I do simple call/puts (but buy bulk) and not well versed with complex ones.
I went to cash and sold puts to buy back positions at lower prices. Might as well take advantage of the VIX driving crazy prices on puts.
Careful : Review the zero hedge I posted previously, VIX put/call pricing can go up or down crazily without sync with market !
Once again, visionary Cramer informs to close the barn doors after the horses are gone. Remarkable talent and foresight.
There’s less risk of that when selling the put. If VIX explodes, I’m still only buying the stock at the strike price. If VIX collapses, the premium gets crushed and I can buy the put back at a much lower price.
It only works for stocks you want to hold long-term. You have to absolutely be willing to buy at the strike price.
Can you provide an example on how to use VIX and puts to buy a stock you want to hold long term?
thanks in advance
Why so troublesome? What’s wrong with selling calls at the same strike/month as your puts?
Short puts = Long underlying + Short calls
Anybody buying TSLA? 
Suddenly no fanatics arguing for long TSLA?
Just wait for a week! 