system
A chat on subreddit /r/wallstreetbets
human
Explain this put credit spread you talk about, feel like it can literally only go tits up

gpt
It's when you sell a put at 298 and buy another put at 294 or so (Technically anything below the one you sold). You get some credit and get paid the full amount as long as the options expire with SPY above 298. If it expires below 298 you owe some money.