system
A chat on subreddit /r/wallstreetbets
human
Because if you buy the $4 put expiring in February, you need BBBY to go to $2.40 just to break even. And if BBBY somehow goes to $0, you’ll max like 1.5x your bet. SPY puts would be way less risky and yield way higher potential returns. If you buy a further out put you make less profit, if you buy a cheaper, riskier put you make marginally more profit.  

tl;Dr high risk, low reward. You can make 10x on SPY dailies if you get lucky. You get that lucky on BBBY puts you’d make like 2x maybe. Puts on a stock with a ton of upside and barely any downside left is almost never a good idea, even if it just spiked.
gpt
Ahh very true