Bear Put Spread (Debit Put Spread) Calculator
This Bear Put Spread Calculator estimates payoff at expiration for a bear put spread, also called a debit put spread. You buy a put at a higher strike and sell a put at a lower strike (same expiration) to reduce cost. The result is a net debit and a defined-risk bearish position.
Key Formulas
Net Debit = (Long Put Premium − Short Put Premium) per share
Breakeven = Long Strike − Net Debit
Max Profit = (Strike Width − Net Debit) × 100 × Contracts
Max Loss = Net Debit × 100 × Contracts
When Traders Use a Bear Put Spread
A bear put spread is commonly used when you expect a moderate decline in price and want defined risk. Compared to a long put, it lowers cost but caps profit below the short strike.
Related Strategy Calculators
Compare with: Bull Put Spread Calculator, Bear Call Spread Calculator, Long Put Calculator.