Definition

Bull Put Spread

Meaning ⎊ A strategy selling a higher strike put and buying a lower strike put.
Greeks.liveMarch 9, 2026

Bull Put Spread

A bull put spread is a strategy where an investor sells a put at a higher strike and buys a put at a lower strike. This limits the potential loss compared to a naked put.

The goal is for the underlying asset to stay above the higher strike price. It is a net credit strategy that benefits from time decay.

It offers a defined risk and reward profile.

Calendar Spread
Short Put
Protective Put
Put Option
Limited Profit
Bullish Strategy
Debit Spread
Long Put

Glossary

Put Writing Income

Asset ⎊ Put Writing Income, within cryptocurrency derivatives, represents the potential profit derived from selling (writing) put options on digital assets.