Any of you tried this and what do you all think of it? https://datadrivenoptions.com/1-1-2-2-put-ratio-trade/
Whether you are paying/receiving premium is irrelevant to whether you are buying/selling the spread In this case the OP claims to be - selling for a credit - a debit spread He's just mangling the terminology, which might not seem important but can lead to expensive execution errors, and why you should question the credibility of the post.
Yes, I am testing this set up. This is a paper trade sold for 0.40 now up 0.10. It is called a bear trap using puts. It can be used with calls too, bull trap. It is basically 1:10 risk reward which is not great.
In reallity, just a form of broken/raised wing condor In your example Core Position is 195-197-198-200 Put Condor + embedded 193-195 / 193-197 Verticals Most traders should, but don't evaluate whether risk/reward of selling FOTM Put Verticals are worthwhile as premium can realtively small