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Bull Put Spread
A bull put spread typically consists of: selling a higher strike put and buying a lower strike put with the same expiration. Market view Bullish to neutral.
Why it matters to you
The trader receives a net credit while the long lower strike put limits downside compared with selling an uncovered put. Maximum profit at expiration Generally the net credit received. Maximum loss at expiration Strike width minus net credit, multiplied by the applicable contract multiplier.