# Options Strategy
### 1) Bullish Call-Spread (CS)
A call-spread strategy involves buying a call option at a lower strike price and selling a call option at a higher strike price, with the same expiration, reflecting a **bullish view** on the underlying market
**Option Payout: Max (S-K1, 0) - Max (S-K2, 0),** \
\&#xNAN;*where S is the underlying asset spot price at maturity, and K are Option Strikes.* \
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Best-Case Scenario: If S is greater than or equal to K2, the payout is K2-K1\
Worst-Case Scenario: If S is equals to or less than K1, payout is 0\
More details:
### 2) Bearish Put-Spread (PS)
A put-spread strategy involves buying a put option at a higher strike price and selling a put option at a lower strike price, with the same expiration, reflecting a bearish **view** on the underlying market
**Option Payout: Max (K2-S, 0) - Max (K1-S, 0),** \
\&#xNAN;*where S is the underlying asset spot price at maturity, and K are Option Strikes.*\
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 \
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Best-Case Scenario: If S is less than or equal to K1, the payout is K2 - K1.\
Worst-Case Scenario: If S is greater than or equal to K2, the payout is 0.\
*More details:* [*https://www.investopedia.com/terms/b/bearputspread.asp*](https://www.investopedia.com/terms/b/bearputspread.asp)
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