Bull Put Spread
Also known as: Short Put Spread
Bullish or neutral — want to collect premium with defined downside risk, placing the short strike below the current price where you expect the stock to stay
Risk Profile at a Glance
How to Construct the Bull Put Spread
- 1.Sell 1 put at strike A (higher)
- 2.Buy 1 put at strike B (B < A)
- 3.Same expiration
- 4.Net credit received
Understanding the Bull Put Spread
The bull put spread sells a put at a higher strike and buys a put at a lower strike to define the risk. You receive a net credit at entry — that credit is the maximum profit if the stock stays above the higher (short) strike at expiration. Maximum loss is the spread width minus the credit. This is the most common bullish income trade among professional options traders.
It requires no directional movement — you simply need the stock to stay above the short strike. When EdgeOS shows a bull count 1–3 with the stock holding above a key support level (lower ATR trigger), placing a bull put spread with the short strike at or just below that support gives you income while the setup plays out. High implied volatility is ideal because it generates more premium, improving the risk/reward ratio. The bull put spread and covered call are the two workhorses of income-focused options trading..
When to Use It — EdgeOS Signal Integration
- ✓Ideal when SCTR > 9 and EdgeOS bull count = 1 (fresh ignition trigger)
- ✓Extension score below 0.8 (Tight or Mod) — stock has room to run
- ✓Confirmed or fluid bullish trend — EMA alignment supports the direction
Today's Bull Put Spread Candidates
Updated Aug 27, 2026 · refreshes every 30 minStocks currently showing bullish EdgeOS signals that match Bull Put Spread entry conditions. SCTR > 9 (bullish breadth), extension Tight–Mod (room to run), fresh bull count 1–3.
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Frequently Asked Questions
What is the Bull Put Spread options strategy?
The bull put spread sells a put at a higher strike and buys a put at a lower strike to define the risk. You receive a net credit at entry — that credit is the maximum profit if the stock stays above the higher (short) strike at expiration.
When should I use the Bull Put Spread?
Bullish or neutral — want to collect premium with defined downside risk, placing the short strike below the current price where you expect the stock to stay
What is the maximum loss on the Bull Put Spread?
The maximum loss is fully defined at entry: the net debit paid (for debit strategies) or the spread width minus the credit received (for credit spreads). You can never lose more than this amount.
How does the Bull Put Spread compare to similar strategies?
The Bull Put Spread is a bullish credit strategy. Compared to the Covered Call (neutral, complex), the Bull Put Spread has limited max risk and limited max reward. Your choice depends on your directional bias, IV environment, and risk tolerance. The TraderValue strategy comparison tool lets you see the exact payoff differences side by side.
What stocks are good Bull Put Spread candidates today?
As of Aug 27, 2026, stocks with bullish EdgeOS signals matching Bull Put Spread conditions include: BWET (SCTR 136.6, bull b2, Tight extension); REPL (SCTR 114.8, bull b2, Tight extension); UVIX (SCTR 96.8, bull b1, Tight extension). These are screened live from 3,000+ symbols and refresh every 30 minutes during market hours. See winstockoptions.com/scans for the full live list.