Bull put spread consists of a short position in in-the-money puts of a higher strike and the same number of long puts of a lower strike. The buyer of the spread will receive maximum profit if the underlier price is more than the higher stike put.
See also bull call spread and bull calendar spread.
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The screenshot shows the following portfolio:
European put struck at 10.000 with expiry in 30 days
European put struck at 11.000 with expiry in 30 days
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