system
A chat on subreddit /r/wallstreetbets
human
You sell 1 single put spread. 
  
 Sell a put on a stock you think is going to go up after a drop.. 
  
 So for AMD you would sell the strike $25 or $26 put and then buy a strike $24 or $25 put same time.. 
  
 Only sell 1 put and buy 1 put.. try it with 1 spread like that.  
  
 I can go more in detail if you want.

gpt
What's the general principle behind deciding the strike price for what you buy and sell the puts in the spread?  
  
 Also, so once you have them, then what is the next move for knowing how / when to get out at a reasonable time? I've never sold a put  and, correct me if I'm wrong, that the risk is limited since it's supposed to be like a cheaper way to get a stock by getting the shares when you are assigned at the strike price