No. of Recommendations: 0
I think we're in agreement. The two I listed I viewed as opportunistic trades, stuff that might take a hard fall within the next 365 days or so if there's market turmoil and flight to quality, but I wasn't planning to hold them to expiration and have my only opportunity be the price at the end. If one or both of those puts are ten baggers in the interim, due to price decline and vol spike, then I'll take it! Of course, you never know ahead if it'd be a twenty bagger, so I'd just sell when it seems "good enough for me" and deploy the winnings in bargain quality stuff.
For that scenario, I wouldn't do the spread even though it's cheaper.
