Bull Put Spread Calculator

Search a symbol to visualize the potential profit and loss for a bull put spread option strategy.

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What is a bull put spread?

BullishLimited ProfitLimited Loss

A bullish vertical spread strategy which has limited risk and reward. It combines a long and short put which caps the upside, but also the downside.

The goal is for the stock to be above strike B, which allows both puts to expire worthless. This strategy is almost neutral to changes in volatility. Time-decay is helpful while it is profitable, but harmful when it is losing.

(also known as: Put Credit Spread)
ABProfitLossStock Price
  • Buy a put at strike A
  • Sell a put at strike B