Spreads · bullish
Bull Put Credit Spread Option Calculator
Sell higher-strike put, buy lower-strike put for a credit. Bullish / neutral.
How this Bull Put Credit Spread calculator works
This free Bull Put Credit Spread profit calculator estimates profit and loss across stock prices and dates. Use live quotes and the option chain (via the local data proxy), then review max profit, max loss, breakevens, ROI on risk, probability of profit, and a date × price heatmap or numerical matrix.
- At expiration: intrinsic payoff for each option leg (and stock, if included).
- Before expiration: Black–Scholes theoretical value using each leg’s IV and DTE.
- Multi-expiry: near-term legs settle first; longer-dated legs keep remaining time value.
Typical legs for a Bull Put Credit Spread
Default template legs (edit freely or replace from the option chain):
- Leg 1: sell put @ strike template 100
- Leg 2: buy put @ strike template 90
When traders use a Bull Put Credit Spread
Market outlook: bullish. Use the calculator to stress-test strikes and premiums before placing an order. Options involve substantial risk of loss and are not suitable for every investor.
Frequently asked questions
What is a Bull Put Credit Spread options strategy?
Sell higher-strike put, buy lower-strike put for a credit. Bullish / neutral.
How do I calculate profit and loss for a Bull Put Credit Spread?
Enter the underlying price, strikes, premiums, and contracts in the Bull Put Credit Spread calculator. The tool shows max profit, max loss, breakeven points, and a P/L heatmap from now until expiration using Black–Scholes before expiry and intrinsic value at expiration.
Is the Bull Put Credit Spread strategy bullish?
This strategy is generally considered bullish in market outlook. Always confirm risk, margin, and assignment rules with your broker before trading.
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