01 — SQQQ · BULL PUT SPREADS

Best SQQQ bull put spreads setups.

Pick how long you want to wait and how much risk you'll take. We score every live strike across the next 3 expirations and surface the top setups — updated hourly.

-3x daily leveraged Nasdaq-100 inverse ETF with structural decay and high contract volume.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
ProShares UltraPro Short QQQ
Leveraged ETF
SQQQ
$41.83+21.6% / 30d
IV rank (1y)
47.2% · moderate
Option vol
35K /day

02 — Live setups

Suggested strikes

Choose your time horizon and risk band. Every match is scored on return, premium, and probability of profit.

Days to expiration
Probability of profit
Sort by
Top pick · credit spread
$38.5/$37.5 put spread · Nov 27
27 DAYS · 8.0% OTM · 1 WIDE · SELL TO OPEN
Credit
$269
Return
26900%
PoP
67%
SpreadExpirationCreditReturn ↓PoP
$39 / $38
6.8% OTM · 1 wide
Dec 4
34 days
$177
$1.77 / share
17700%64%
$38.5 / $37.5
8.0% OTM · 1 wide
Dec 4
34 days
$169
$1.69 / share
16900%67%
$37 / $36
11.6% OTM · 1 wide
Dec 4
34 days
$56
$0.56 / share
127.27%73%
$40 / $39
4.4% OTM · 1 wide
Nov 27
27 days
$46
$0.46 / share
85.19%60%
$39.5 / $38.5
5.6% OTM · 1 wide
Dec 4
34 days
$44
$0.44 / share
78.57%62%
$38 / $37
9.2% OTM · 1 wide
Nov 27
27 days
$43
$0.43 / share
75.44%71%
$39 / $38
6.8% OTM · 1 wide
Nov 27
27 days
$39
$0.39 / share
63.93%66%
$37.5 / $36.5
10.3% OTM · 1 wide
Nov 27
27 days
$34
$0.34 / share
51.52%74%
$38 / $37
9.2% OTM · 1 wide
Dec 4
34 days
$30
$0.30 / share
42.86%70%
10 of 11 matchesCustomize filters →

03 — Strategy

Bull Put Spreads, plainly explained

Moderately bullish traders who want defined risk and credit-based income.

P&L at expiration · $38.5/$37.5 put spread · 27 DTE

$0+$269−$-169$38 LONG$35.81 BE$39 SHORT

Key numbers

Premium collected+$269
Max profit+$269
Breakeven$35.81
Spread$38.5 / $37.5
Probability of profit67%
Days to expiration27

When this trade makes sense

Use when

    Avoid when

      Read the full bull put spreads guide →

      05 — RUN IT LIVE

      See the highest chance of profit on SQQQ.

      Alpha Hawk scans live chains and recommends setups based on current market conditions.

      Analyze SQQQ free →