The spousal put option strategy protects the investor from a sharp drop in the price of the underlying stock.
The cost of the option can make this strategy prohibitively expensive if used frequently.
Put options vary in price depending on the volatility of the underlying stock, the strike price versus the stock price, and time to expiration.
The strategy can work well for stocks with low volatility when investors are concerned about an unexpected announcement that could negatively affect the share price.
Long-term investors probably don’t want married puts because they don’t have to worry about short-term price fluctuations.