Expectation : Moderately Bearish

Profit When : Stock Goes Down

Risk : Limited

Reward : Limited

Breakeven Pt : Put Strike - Net Debit

Max Profit : (OTM Strike - ATM Strike) - Net Debit

OppiE's Note : Bear Put spread is an alternative to the Long Put with the benefit of a lower net debit. It is ideal for stocks that are not expected to drop significantly below the OTM strike. Maximum benefit is derived when position is held to expiration.