u/Responsible_Nerve_52

I have 100 shares of Meta and wanted to buy some protection after the earnings.

I was debating between just buying a protected put ($650) or do a debit spread- buy a $650 put(0.3 delta) and sell a $570(.1 delta) put. Expiry is 5/1 for all.

Ended up going with debit spread for this trade (ad I wanted to try my first vertical spread trade)

What's a good heuristic to choose between buying a put vs debit spread?

Like I said, I'm new to verical spreads. The most advanced stuff I've done is the wheel strategy.