Put Credit Spread Enabled
What it does
Enables the put credit spread structure (short put + long put below it). A put credit spread is a bullish to neutral defined-risk structure that collects premium when the underlying stays above the short strike. It is used by the mechanical, earnings, and contraction engines as an alternative to the full iron condor when only the downside is elevated.
When to change it
Turn OFF if you want to avoid single-sided put spreads and only trade full iron condors or call-side structures. Leave ON for normal operation.
Safe range
ON or OFF.
Example
Mechanical engine evaluates SPY with a bearish skew in the put chain. A put credit spread scores higher than a full iron condor. With put_credit_spread_enabled ON, the spread is placed. With it OFF, the engine falls back to an iron condor or skips.