Bull Put Spread
In this strategy, an investor simultaneously sells put options at a specific strike price and purchases the same number of puts at a lower strike price. Both put options have the same expiration date. This strategy is used when the investor is bullish and expects the price of the underlying asset to remain above the higher strike price at expiration. The investor limits their profit potential but also limits their risk compared to selling puts outright. The strategy is also known as a 'credit put spread' because the investor receives a net credit for establishing the position.
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Options
| Action | Qty | Expiration Date | Strike | Type | Price | Delta | IV | |||||||||
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| FEP | FEP Leg 1 |
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| FEP | FEP Leg 2 |
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Trade Information
Bull Put Spread
SELL -1 FEP Dec 18, 2026 54.00 put @$0.95
BUY +1 FEP Dec 18, 2026 49.00 put @$0.78
Stock
FEP Current Price
$57.55 USD
FEP Breakeven Price
Above $53.83 (-6.46%)
Trade Details
Cost of Trade
-$17.00 USD
Maximum Profit
$17.00
Maximum Loss
-$483.00
CVaR
Probability Analysis
Probability of Profit (PoP)
Probability of Max Profit
Probability of Max Loss
Risk Reward Analysis
Expected Value (EV)
Expected Return (EV/risk)
Reward/Risk
Position Greeks
Delta (Δ)
Gamma (Γ)
Theta (Θ)
Vega (ν)