🧮 Bull Put Spread Calculator

Simple 5% OTM put selling with an optional 8% OTM protective hedge.

Input

Current Spot Price (₹) Quantity of Options Sold Live Premium of Sold Put (₹)

Live Premium of Hedge Put (₹)

Enter the live premium per option. With the hedge, net credit = sold put premium − hedge premium.

Skip buying the hedge — Sell Put Only

TRADE STRUCTURE

Your Bull Put Spread

STRUCTURE READY

SELL PUT ₹0 5% OTM

→

BUY PUT HEDGE ₹0 8% OTM

SPOT PRICE ₹0

SELL PUT ₹0 5% OTM target

HEDGE PUT ₹0 8% OTM target

QUANTITY 0 Options sold

SPREAD WIDTH ₹0 Sell strike − hedge strike

MAXIMUM PROFIT ₹0 Net premium credit × quantity

MAX LOSS ₹0 After premium credit

Calculation	Formula	Result
Sell Put Target	Spot × 95%	₹0
Hedge Put Target	Spot × 92%	₹0
Selected Strikes	Nearest practical strike	₹0 interval
Maximum Spread Risk	(Sell − Hedge) × Quantity	₹0

Maximum profit = net premium credit × quantity. Maximum loss = spread width × quantity − net premium credit. For a naked put, maximum loss = (sell strike × quantity) − premium received.