Bear Put Spread
A bear put spread consists of one long put with a higher strike price and one short put with a lower strike price. This strategy is used when the investor is bearish and expects a moderate decline in the price of the underlying asset. The investor limits their downside risk but reduces the net premium spent compared to buying a single put option outright.
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Options
| Action | Qty | Expiration Date | Strike | Type | Price | Delta | IV | |||||||||
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| FV | FV Leg 1 |
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Qty
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Expiration Date
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Strike
Type
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Price
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Delta
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IV
%
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| FV | FV Leg 2 |
Action
Qty
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Expiration Date
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Strike
Type
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Price
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Delta
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IV
%
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Trade Information
Bear Put Spread
BUY +1 FV Dec 18, 2026 69.00 put @$1.10
SELL -1 FV Dec 18, 2026 50.00 put @$0.78
Stock
FV Current Price
$72.93 USD
FV Breakeven Price
Below $68.68 (-5.83%)
Trade Details
Cost of Trade
$32.00 USD
Maximum Profit
$1,868.00
Maximum Loss
-$32.00
CVaR
Probability Analysis
Probability of Profit (PoP)
Probability of Max Profit
Probability of Max Loss
Risk Reward Analysis
Expected Value (EV)
Expected Return (EV/risk)
Reward/Risk
Position Greeks
Delta (Δ)
Gamma (Γ)
Theta (Θ)
Vega (ν)