I'm going to enter a butterfly put spread on Netflix. You should try it out...
What I'm doing is:
Buy to open October 165 strike puts
Sell to open October 150 strike puts
Buy to open October 135 strike puts.
And I'd have a ratio of 1 for the 165 puts, a 2 ratio for the 150 puts and a 1 ratio of the 135 puts. Hope I make me some money!