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.
Upgrade to unlock advanced probability and risk metrics.
Options
| Action | Qty | Expiration Date | Strike | Type | Price | Delta | IV | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MUU | MUU Leg 1 |
Action
Qty
|
Expiration Date
|
|
Strike
Type
|
Price
|
|
Delta
|
IV
%
|
|
|
|||||
| MUU | MUU Leg 2 |
Action
Qty
|
Expiration Date
|
|
Strike
Type
|
Price
|
|
Delta
|
IV
%
|
|
|
Trade Information
Bear Put Spread
BUY +1 MUU Dec 11, 2026 17.50 put @$2.03
SELL -1 MUU Dec 11, 2026 12.00 put @$0.43
Stock
MUU Current Price
$17.50 USD
MUU Breakeven Price
Below $15.90 (-9.14%)
Trade Details
Cost of Trade
$160.00 USD
Maximum Profit
$390.00
Maximum Loss
-$160.00
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)