01 — XLE · BULL PUT SPREADS

Best XLE 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.

Energy-sector ETF heavy in supermajors, with options flow tied to crude prices and OPEC headlines.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
Energy Select Sector SPDR
Sector ETF
XLE
$68.52+11.3% / 30d
IV rank (1y)
40.3% · moderate
Option vol
11K /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
$68/$65.5 put spread · Nov 27
29 DAYS · 0.7% OTM · 3 WIDE · SELL TO OPEN
Credit
$107
Return
74.83%
PoP
61%
SpreadExpirationCreditReturn ↓PoP
$67.5 / $65
1.4% OTM · 3 wide
Dec 4
36 days
$94
$0.94 / share
60.26%65%
$67 / $64.5
2.1% OTM · 3 wide
Dec 4
36 days
$87
$0.87 / share
53.37%64%
$67.5 / $65
1.4% OTM · 3 wide
Nov 20
22 days
$81
$0.81 / share
47.93%65%
$68 / $65.5
0.7% OTM · 3 wide
Nov 20
22 days
$79
$0.79 / share
46.2%60%
$67 / $64.5
2.1% OTM · 3 wide
Nov 27
29 days
$76
$0.76 / share
43.68%64%
$66.5 / $64
2.9% OTM · 3 wide
Dec 4
36 days
$70
$0.70 / share
38.89%66%
$67 / $64.5
2.1% OTM · 3 wide
Nov 20
22 days
$67
$0.67 / share
36.61%67%
$66.5 / $64
2.9% OTM · 3 wide
Nov 27
29 days
$67
$0.67 / share
36.61%66%
$67.5 / $65
1.4% OTM · 3 wide
Nov 27
29 days
$67
$0.67 / share
36.61%62%
10 of 22 matchesCustomize filters →

03 — Strategy

Bull Put Spreads, plainly explained

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

P&L at expiration · $68/$65.5 put spread · 29 DTE

$0+$107−$143$66 LONG$66.93 BE$68 SHORT

Key numbers

Premium collected+$107
Max profit+$107
Max loss−$143
Breakeven$66.93
Spread$68 / $65.5
Probability of profit61%
Days to expiration29

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 XLE.

      Option Agent scans live chains and recommends setups based on current market conditions.

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      Option Agent is not a registered investment advisor, broker-dealer, or financial planner. All analysis, recommendations, and data are for informational and educational purposes only and do not constitute personalized investment advice. Options trading involves substantial risk of loss and is not suitable for all investors. Past probability calculations do not guarantee future results. Consult a qualified financial advisor before making investment decisions.