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put credit spreads work a lot like cash secure puts but you donamp;#39;t need the cash in order to buy a hundred shares so if youamp;#39;re trading something like amd this can save you tens of thousands of dollars for example if i think that amd stock is going to stay above 140 at the end of next month i would start by selling a 140 put option just like i would with a cash secure put but instead of needing 14 000 of cash to put on this trade what i would do instead is buy back a put option with a lower strike price iamp;#39;m gonna be buying the 139 dollar strike price and since the difference between my two strike prices is just one dollar and iamp;#39;m controlling 100 shares iamp;#39;m only putting down a hundred dollars a collateral instead of 14 000 of cash for this trade and for this trade iamp;#39;m gonna get paid 40 of credit and i get to keep that if iamp;#39;m right and if iamp;#39;m wrong about this trade and amd is below 139 on my expiration date then iamp;#39;m go