Bull Put Spread

What It Is

Sell a put + Buy a lower-strike put → earns income with limited risk.

Risk Level

🟡 Medium

(Because you can still lose, but limited)

Capital Required

$50–$500 per trade

Perfect for $500–$2,500 accounts

When to Use

  • When slightly bullish
  • When IV is high but stable
  • When you want positive theta

When to Avoid

  • Falling markets
  • Unclear trend

Progression Fit

Starter income strategy before cash-secured puts.