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Free Bull Put Credit Spread Screener
Bull Put Credit Spread Overview
- Strategy Type: Vertical Spread
- Level: Beginner
- Market Outlook: Bullish
- Risk: Limited
- Reward: Limited
- Margin Requirement: Yes
- Max Profit: Limited to the credit or premium received. It's the difference between the premium from selling the put and the premium paid for buying the lower strike put.
- Max Loss: Limited to the difference in strike prices minus the credit received. This occurs if the underlying security's price falls below the lower strike at expiration.
Option Types: Sell a put option and simultaneously buy a put option with a lower strike price.
Same Expiration: Both options involved in the spread have the same expiration date.
Success Criteria: The Bull Put strategy is successful if the price of the underlying security is above the higher (sold) strike at expiration.
Why Bull Put Credit Spreads?
- Limited Risk: The risk is capped at a known amount, making it a defined-risk strategy.
- Income Generation: Generates income through the premium received when initiating the spread.
- Market Outlook: Ideal for moderately bullish market expectations.
Considerations for Bull Put Credit Spreads
- Margin Requirements: The margin requirement is the difference between the strike prices. Ensure you have sufficient margin to cover the maximum loss.
- Strike Selection: Carefully choose strike prices based on your risk tolerance and market analysis.
- Monitoring: Regularly monitor the position to assess market conditions and potential adjustments.
- Expiration Timing: Timing is crucial. Ensure the expiration aligns with your market outlook.
In summary, the Bull Put credit spread is a strategy combining income generation with limited risk exposure, suitable for investors expecting a moderately bullish market. Always conduct thorough analysis and consider the specific market context before implementing any options strategy.
Best Call Strategy to hit TP (due to Theta)
DTE < 6d: Long Call
DTE 6 - 60d: Bull Call Spread buy 1 Call, sell 1 higher Call
DTE 60d+: Ratio Call Spread buy 1 Call ITM, sell 2 higher Calls OTM
DTE 6 - 60d: Bull Call Spread buy 1 Call, sell 1 higher Call
DTE 60d+: Ratio Call Spread buy 1 Call ITM, sell 2 higher Calls OTM