OptionProfit

Bear Put Spread Options Profit Calculator

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

Symbol
Position Legs
Select an expiry above to load options data and enable chain browsing
Leg 1Long Put
Leg 2Short 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
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