Bull Put Spread 做法 (圖)

STRATEGY	Bull Put Spread
MARKET OPINION	Bullish
MARKET POSITION	Buy a lower strike price put and sell a higher strike price put on the same commodity with the same expiration date
OPTION STRATEGY DEBIT/CREDIT	Net credit [premium received is greater than premium paid]
PROFIT POTENTIAL	Limited to the net credit
PROFIT POINT	Any futures price above the [higher strike price minus the premium received]; Maximum profit point is any futures price at or above the higher strike price
LOSS POTENTIAL	Limited to the [difference between the strike prices] minus net credit
LOSS POINT	Any futures price below the [higher strike minus net credit]; maximum loss point is any futures price at or below the lower strike price
BREAK-EVEN-POINT	Higher strike price - net debit
MARGIN REQUIRED	Yes
DELTA	[Delta of put bought]-[Delta of put sold]