Free Option Screener for Bullish and Bearish Strategies
Find High-Probability Option Trades and generate Income on Stocks and ETFs (Puts, Calls and Spreads). Start trading smarter today.
Bullish Strategies / Optimistic Outlook
Bearish Strategies / Pessimistic Outlook
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Theta Trades
Date
• A Put/Call Ratio of ~0.8 is considered as neutral.
• Trade ideas with an annualized profit under 5% or RRR under 0.33 are cut-off.
• Trade ideas with an annualized profit under 5% or RRR under 0.33 are cut-off.
Symbol | Strike | Expiration | DTE | Strategy | Rating | RRR | Put/Call Volume |
Put/Call OI |
Implied Vola |
Annual. Profit |
Warnings | Details |
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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.
Tipps & Tricks
- When the Implied Volatility is higher than the Stock Volatility, the Option is considered as overpriced: Sell Options for Premium
Due to insurance demand this is quite often the case, therefor I recommend to check if IV is more than 15% higher then Stock Vola.
Best Call Strategy to hit Take Profit (Theta Backtested)
- DTE < 6 days: Long Call
- DTE 6 - 60 days: Bull Call Spread buy 1 Call, sell 1 higher Call
- DTE > 60 days: Ratio Call Spread buy 1 Call ITM, sell 2 higher Calls OTM