system
A chat on subreddit /r/wallstreetbets
human
But wouldn't you take on the risk of further downside action if your puts get exercised and its not the bottom?

gpt
Not in this case only because you would have bought it anyway at that price. If you are holding cash waiting for a market crash that means you think the market is overvalued and there is a price you are willing to buy into the market. Instead of just waiting for that price with a limit order you could be selling that strike price put and reap a return for your position. 
  
 Effectively further downside risk exists whether you hold cash or cash secured puts.