Options Trading Guides

Deep dives into Bull Put Spread strategy — trade with data, not emotion

BPS ScreenerBull Put SpreadOptions Trading

BPS Screener Explained: How It Reads the Market and Surfaces Trade Candidates

The BPS Screener automatically detects market regime from VIX, selects the right parameter set, and outputs ranked spread candidates with probability data. Here's exactly how it works.

2026-03-09·4 min read
BPS BacktestOptions StrategyBacktesting

We Backtested 846 BPS Trades: 5 Findings That Changed Our Strategy

Real findings from 20 months of Bull Put Spread backtesting data — including why IV Rank filtering hurts performance, why delta stops kill winners, and why AAPL and MSFT are bad for BPS.

2025-02-15·5 min read
Options GreeksDeltaTheta

Options Greeks Explained: Delta, Theta, Vega, Gamma in Plain English

No math degree required. A plain-English breakdown of Delta, Theta, Vega, and Gamma — and what each one actually means for Bull Put Spread traders.

2025-02-01·5 min read
IV RankImplied VolatilityIVR

What Is IV Rank? One Analogy That Makes It Click

The clearest explanation of IV Rank (IVR) for options traders: what it actually measures, why it matters for premium selling, and one counterintuitive finding from our own backtesting.

2025-01-22·4 min read
Bull Put SpreadBPS StrategyOptions Trading

Bull Put Spread Complete Guide: Strategy Logic to Live Trading

A comprehensive breakdown of the Bull Put Spread (BPS) strategy: how it works, when to enter, how to manage risk, and how to calculate profit. Perfect for options traders who want defined-risk premium selling.

2025-01-15·4 min read