熊市看跌期权价差

Bear put spread is constructed as purchasing a put at a lower strike and selling a call at a higher strike.

This strategy profits when stock price remains flat or declines. The payoff of the strategy is limited to both upside and downside.

The maximum loss of the strategy is the net premium paid at the beginning of the trade, the maximum profit of the strategy is the spread of two put strikes less net premium.


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