system
A chat on subreddit /r/wallstreetbets
human
That's why I like doing spreads. I don't really like holding stock unless I actually care about the company. No way I want to hold onto 400 shares of Uber.

gpt
I never fully understood spreads, they seem complex. If, let's say, I sell 1 put of Netflix well under its current price with expiration Dec. 1, the idea of a spread would be to simultaneously buy 1 call of Netflix at the same strike price, correct? How does that protect my put from being assigned?