Iron Condor
Mechanics · 10 min

Bull put spread (credit)

Sell premium with a defined-risk floor. The neutral-to-bullish income trade that pays you on day one.

In this lesson

  • The construction
  • Risk-reward and probability
  • When the bull put spread fits
  • Management
  • The "looks free" trap

Read the full lesson in the app

The complete lesson, with worked examples, callouts, and a quiz to test yourself, is in Iron Condor Options.

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