Bull put spread
Sell a higher-strike put, buy a lower-strike put. Collect credit; profit if stock stays above the short strike. Common income play in uptrends.
INPUTS
Underlying price
$
Centers the payoff chart and computes P&L at this price.
LEGS
Short upper put
Type
Side
Strike
$
Qty
Premium
$
Long lower put
Type
Side
Strike
$
Qty
Premium
$
RESULT
$60.002 strikes$140.00
P&L at current spot (expiry)
+$120
Net credit+$120
Max profit+$120
Max loss−$380
Breakeven$98.80
Risk / reward0.32 : 1
RISK PROFILE
Max profit
Net credit received
Max loss
Strike width × 100 − net credit
Breakeven
Upper strike − (credit ÷ 100)
RELATED STRATEGIES
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