Bull Put Ladder Calculator
Search a symbol to visualize the potential profit and loss for a bull put ladder option strategy.
What is a bull put ladder?
DirectionalNearly Unlimited ProfitLimited Loss
A bull put ladder is an extension to the bull put spread, as it now includes another long put. The name suggests it is a bullish strategy, but it is actually very bearish or bullish, since it has a nearly infinite gain on the downside, and a capped gain on the upside.
This strategy requires significant volatility to be profitable. Time is harmful when the position is unprofitable, but helpful once it becomes profitable.
(also known as: Short Put Ladder)
- Buy a put at strike A
- Buy a put at strike B
- Sell a put at strike C