01 — XLF · BULL PUT SPREADS

Best XLF 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.

Sector ETF heavy in money-center banks with options flow concentrated around bank earnings and rate decisions.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
Financial Select Sector SPDR
Sector ETF
XLF
$56.51+5.8% / 30d
IV rank (1y)
31.2% · moderate
Option vol
7K /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
$55.5/$53 put spread · Dec 4
34 DAYS · 1.8% OTM · 3 WIDE · SELL TO OPEN
Credit
$48
Return
23.76%
PoP
65%
SpreadExpirationCreditReturn ↓PoP
$55 / $52.5
2.7% OTM · 3 wide
Dec 4
34 days
$43
$0.43 / share
20.77%71%
$55.5 / $53
1.8% OTM · 3 wide
Nov 27
27 days
$34
$0.34 / share
15.74%66%
$55 / $52.5
2.7% OTM · 3 wide
Nov 27
27 days
$24
$0.24 / share
10.62%73%
4 of 4 matchesCustomize filters →

03 — Strategy

Bull Put Spreads, plainly explained

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

P&L at expiration · $55.5/$53 put spread · 34 DTE

$0+$48−$202$53 LONG$55.02 BE$56 SHORT

Key numbers

Premium collected+$48
Max profit+$48
Max loss−$202
Breakeven$55.02
Spread$55.5 / $53
Probability of profit65%
Days to expiration34

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 XLF.

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

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