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A chat on /r/wallstreetbets
human
How do you reduce risk while still selling otm puts?

gpt
There are a few strategies you could do. One would be make it a put spread. So sell an otm put and buy one further otm. The one you buy will be cheaper so you still make a little money, but the risk is capped.  
  
 As with anything this reduced risk does reduce the return. That's just the nature of investments. Unless you find something broken you will need to take big risks to get the big returns.