No. of Recommendations: 2
Options are like monkeys with typewriters.
Almost any story can be written, and most of them will be bad. Some will be wonderful.

Decide what your investment goal is, first.
As the other poster mentions, your terminology is a bit mixed, so I'm not entirely sure what it is you're trying to do.

If you want a strategy to give some reasonable income with put options
with very minimized risk, I recommend the book "Put Options" by Cohen,
which describes in detail one very specific strategy for using them,
and only enough background theory to understand that one strategy.
But that's a good thing. You don't need to know about every monkey with a typewriter!

I make most of my money most years with options, specifically writing
cash-backed put options, using a strategy inspired by that book.
I've done tens of thousands of contracts over the years and am pretty comfortable with it now.

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