Bull Put Spread Options Profit Calculator

Sell higher-strike put, buy lower-strike put. Collect premium, profit above upper strike.

Switch strategy

Symbol

Override price (optional — scenario testing)

Position Legs

Expiration Date

Enter a symbol above and select expiry to load live options data

Leg 1 — Short Put

manual

Strike

Premium / share

Contracts

Implied Volatility (%)

Leg 2 — Long Put

manual

Strike

Premium / share

Contracts

Implied Volatility (%)

Settings

IV Scenario

Commission ($ per contract)

Use bid/ask spread (worst-case fill)

Strategy Results

Select an expiry and strike to analyze your Bull Put Spread

P&L Chart

Enter strike and premium to see P&L chart

P&L Heatmap

price × DTE

Enter position details to see P&L heatmap

Position Greeks

Greeks appear once strikes are entered

What is a Bull Put Spread Options Calculator?

Sell an OTM put and buy a further OTM put at a lower strike for protection. Net credit received. Profit if stock stays above the short put strike at expiry.

Max risk

limited

Max reward

limited

Legs

2 legs