Alternatives include dangers and are not appropriate for all investors. Before trading, read the Options Disclosure Document:. Trading choices can be risky, but there are methods you can build to define your risk and your reward, like the brief put vertical, likewise called the bull put spread, short put spread, credit put spread, to name a few names. This strategy is based on a pretty basic concept: Offer one put to possibly profit from a stock going up, but also purchase another put at a various strike, which may offer some protection…