# skill-bull-put-credit-spread — checklist

Review before education output. This list does not approve a trade.

## When to use
- [ ] The thesis is that price holds above a chosen put strike.
- [ ] A naked short put is not acceptable. Risk has to be capped.

## Setup
- [ ] Sell the higher-strike put. Buy the lower-strike put. Same expiry.
- [ ] Net credit. Max profit is the credit. Max loss is the strike width minus the credit.
- [ ] Breakeven is the short strike minus the credit.

## Rules of thumb
- [ ] Size from the max loss, not from the credit.
- [ ] State what happens if price trades through the short strike before expiry.
- [ ] The long put is the hedge. Do not describe the trade as cash-secured unless the full cash is actually reserved.

## Pitfalls
- [ ] Widening the strikes to collect more credit without raising the loss budget.
- [ ] Short strike placed on top of a level the thesis needed to hold.
- [ ] Early close rules missing, so a small credit becomes a full-width loss.

## Disclaimer
- [ ] Disclosure is present: risks, the options disclosure document, and omitted costs.
- [ ] The answer is education. It is not a signal, a recommendation, or an order.