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Page features option graphs of ten different types of bull put spreads to compare the probability of a gain to the amount of the gain. Option Trading Subjects:

Bull Put Vertical Credit Spread Graphs See Vertical Spread Option Strategies for more information on all types of vertical spread strategies. Three Bull Put variations have detailed writeups: Bull Put 1 strike down to 1 strike up  for a bullish outlook. Bull Put ATM strike to 1 strike up  very bullish. Bull Put 1 strike down to ATM strike  neutral to bullish. All references to gains mean the percentage gain at expiration as compared to the maximum risk at expiration, not the dollar gain. Extremely good chance of a small gain: Very good chance of a decent gain: Better than even chance of a decent gain: Even chance of a good gain: Good chance of a decent gain: Even chance of a good gain: Below even chance of a large gain: Low chance of a large gain: Very low chance of a very large gain: Extremely low chance of a huge gain:


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