Sell a put spread below current price when intraday bias is bullish and IV is elevated. Defined max risk equals the spread width minus credit received.
Bull Put Credit Spread
Credit Spread
Bias: bullish
Timeframe: mid
defined-risk
Rules
- Entry
- Bullish bias + IV percentile above 40 + price above VWAP
- Strike
- Short leg delta target 0.15-0.25
- Wing
- 1-3 strikes wide
- Max Risk Pct
- 1
- Profit Target Pct
- 50
- Stop Pct
- 200
- Time Stop
- 15:50 ET
Trades well on these 0DTE-eligible tickers
Going deeper
Bull Put Credit Spread on 0DTE: Full Mechanics →
The full mechanics of a bull put credit spread on 0DTE — strike selection, credit targets, defense, and the close-out rules.