Bear Put Spread Calculator

Search a symbol to visualize the potential profit and loss for a bear put spread option strategy.

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What is a bear put spread?

BearishLimited ProfitLimited Loss

A bearish vertical spread strategy which has limited risk and reward. It combines a short and a long put which caps the upside, but also the downside.

The goal is for the stock to be below strike A at expiration. This strategy is almost neutral to changes in volatility. Time-decay is helpful while it is profitable, but harmful when it is losing.

(also known as: Put Debit Spread)
ABProfitLossStock Price
  • Sell a put at strike A
  • Buy a put at strike B