Bull Put Spread
...or Bull Spread (Put)
Position
Type
Strike
Expiration
Quantity
Long
Putl
ATM (0)
Long term
1
Short
Put 
ITM (+1)
Long term 
1
         
         
Example:
Long 1 Oct 60 Put @ 4 1/4
Short 1 Oct 65 Put @ 7 1/4
Opinion: Bullish to very bullish
 
   
Description:
A Bull Put Spread is a type of Vertical Spread. It contains two Put options with different strikes. The higher strike option is the short Put while the lower strike Put is one of the strike prices below the short Put. This strategy is equivalent to the Bull Call Spread, but is done for a credit!