Bakkt Holdings Inc (BKKT)

[WebSlinger]

<< But selling a put also allows for unlimited loss potential doesn't it? Whereas you can only lose what you put in when buying a put or call >>

Yes, technically there is "unlimited" loss potential, but in reality the option would probably be exercised much earlier than that could ever happen. But there is always a small possibility that could happen as a reaction to a sudden, cataclysmic event. For example, say it was announced in the after-hours that a company had surprisingly entered into bankruptcy. When the market opened, the share price would plummet and puts would go through the roof.

In general, the stock market is going to go up (since it has for the past 200 years), so betting against that trend is definitely not something to take lightly.