Mindful capital allocation, diversification and keeping aside available BP is important when we are managing our portfolio.
The primary rule of portfolio allocation is that we should allocate more BP to products when VIX is higher. The second rule is that we should allocate 75% BP to undefined risk strategies with no more than 3% to 5% per trade and 25% BP to defined risk strategies with no more than 0.5% to 2% per trade.
A study on SPY puts with different delta shows that lower delta will lead to greater BP. So we can keep aside appropriate BP accordingly.