OptionProfit

Bear Put Spread Options Profit Calculator

Buy higher-strike put, sell lower-strike put. Bearish debit spread.

Symbol
Position Legs
Enter a symbol above and select expiry to load live options data
Leg 1 — Long Put
Leg 2 — Short Put
Settings
Strategy Results

Select an expiry and strike to analyze your Bear Put Spread

P&L Chart
Enter strike and premium to see P&L chart
P&L Heatmap
price × DTE
Enter position details to see P&L heatmap
Position Greeks

Greeks appear once strikes are entered

What is a Bear Put Spread Options Calculator?

Buy an ATM/ITM put and sell an OTM put at a lower strike, same expiry. Reduces cost vs a naked long put but caps profit. Profits from a moderate bearish move.

Max risk
limited
Max reward
limited
Legs
2 legs