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Bearish — Strategy calculators

Bearish options strategies profit when a stock falls. They range from buying a put for defined-risk downside exposure to credit spreads that pay you premium up front. Model any of them in the free calculator before you trade.

Bullish · Bearish · Neutral & Income · Volatility

Long PutBearish

A long put profits when the stock falls. You buy a put for the right to sell at the strike; losses are capped at the premium while profits grow as the stock drops toward zero.

Bear Put SpreadBearish

A bear put spread buys a put and sells a lower-strike put. Defined risk and reward make it a cost-efficient way to profit from a moderate decline.

Bear Call Credit SpreadBearish

A bear call credit spread sells a call and buys a higher-strike call, collecting a credit. It profits if the stock stays below the short strike.

Naked CallBearish

A naked (short) call sells a call without owning the stock. You keep the premium if the stock stays below the strike, but the risk is theoretically unlimited if it rallies — one of the highest-risk options trades.

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