Bull Put Spread Option Strategy

Sell a put at the higher strike, buy a put at the lower strike in the same expiration, and the result is a credit spread that profits while the underlying holds above the short strike. Maximum loss is defined as the difference between the strikes less the credit received.

This is one of the few option templates wired to streaming quotes: real time streaming bid and ask, together with a streaming previous close, keep both legs marked to the market while the workbook is open. Credit, breakeven and worst case all move with the quotes.