# Bull Put Spread

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**The Bull Put Spread** is a strategy that helps you to make **a bet on a local price rise and earn profits if the price doesn’t fall.**

The Bull Put Spread is an optimal strategy when the price rises or does not change during the period of holding. The profit zone for this strategy looks like a profit zone for the Bull Call Spread. The key difference is that **with the Bull Put Spread you are immediately in profits after purchasing the strategy and don’t need to wait for a price rise.**

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Buying one Bull Put Spread is equal to selling a ATM put while at the same time buying a OTM put with a lower strike price.
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**Bull Put Spread is an inversion strategy. This means that the strategy includes selling (writing) of options, so they can't be exercised before expiry.**
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