Long Put vs. Put Spread (Options Strategy Comparison)

Buying put options (long put) and buying put spreads (long put spread) are both bearish options strategies with many similar characteristics.

However, both strategies have unique differences when it comes to profit/loss potential, exposure to changes in implied volatility, and probability of profit.

In the video below, you’ll learn the key differences between long puts and long put spreads as we compare the two strategies using real option contracts.

The Best Brokerage for Traders

We’ve been trading with tastyworks for years, benefiting from their trader-friendly fees:

  • Free Stock Trading
  • $10 Commission-Cap Per Option Leg
  • Close Trades for Free*
  • $10 Max Fee Per Crypto Order

Sign up with tastyworks using the link below to secure a $200 free stock signup bonus.

* Applicable exchange, clearing, and regulatory fees still apply to all opening and closing trades except for cryptocurrency orders which are not subject to exchange, clearing, and regulatory fees.

Chris Butler portrait

About the Author

Chris Butler received his Bachelor’s degree in Finance from DePaul University and has nine years of experience in the financial markets. 

Chris started the projectfinance YouTube channel in 2016, which has accumulated over 25 million views from investors globally.

Our Authors

Share this post

Leave a Reply

Your email address will not be published.