The Options Spread Showdown – Which One Wins?

These Two Strategies Can Change your World.

A few years ago, I placed what I thought was a perfect options trade.

I was bullish on a stock, so I bought a Bull Call Spread. Everything looked great… until the stock barely moved.

I watched my position slowly bleed away as time decay worked against me.

A week later, I saw another trader take a Bull Put Spread on the same stock. It didn’t move much either… but he made money while I lost.

That’s when I realized—not all bullish spreads are created equal.

I decided to put both spreads to the test in a real trade. The results?
✅ One won more often but made less per trade.
✅ The other had bigger wins but a lower success rate.

So which one should you be using? Let’s break it down.

🎥 Watch my full breakdown here:

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Bull Put Spread Setup (Higher Probability, Lower Risk)

• Sell $145 Put

• Buy $140 Put

• Net Credit Received: $1.50 per contract

If the stock stays above $145, you keep the full credit.

• Max Profit: $150 per contract (credit received).

• Max Loss: $350 per contract (spread width minus credit received).

📊 Risk Graph: [Insert Image]

This strategy is great for traders who want a high-probability trade that wins even if the stock stays flat.

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Bull Call Spread Setup (Higher Reward, Lower Probability)

• Buy $150 Call

• Sell $155 Call

• Net Debit Paid: $2.50 per contract

You profit only if the stock rises above $152.50.

• Max Profit: $250 per contract (spread width minus debit paid).

• Max Loss: $250 per contract (debit paid).

📊 Risk Graph: [Insert Image]

This strategy is best for traders who are confident in a strong move upward and are willing to take a little more risk.

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At Freedom Income Options, We Use Both Strategies to Replace Paychecks with Trading

At Freedom Income Options, we don’t gamble—we trade with confidence, strategy, and balance.

That’s why we use both the Bull Put Spread and Bull Call Spread to create a powerful mix of consistency and growth.

✅ The Bull Put Spread allows us to generate reliable income with a high probability of success.
✅ The Bull Call Spread lets us capture big opportunities when strong moves happen.

By balancing an aggressive approach with a safe, consistent strategy, we help traders replace their paycheck and get their time back.

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So Which One Wins?

After running the numbers, here’s what I found:

• Bull Put Spread – Higher win rate (75%), but lower profit per trade.

• Bull Call Spread – Higher potential profit, but only a 45% chance of success.

If you want steady income with a higher chance of success, the Bull Put Spread is your best bet.
If you want bigger wins and are willing to take some losses, go for the Bull Call Spread.

Get Access To My LinkTree

https://linktr.ee/caseystubbs

Best,
Casey Stubbs