BEARISH Strategy
Bear Put Spread
Live Bear Put Spread Setup for AXP
What is a Bear Put Spread?
A Bear Put Spread involves buying an in-the-money put and selling an out-of-the-money put at a lower strike.
When to Use It
Use when you expect a moderate decline in the stock price and want to hedge or profit with defined risk.
Advantages
Cheaper than buying a put outright
Max loss is limited to the net debit paid
Disadvantages
Profit is capped if the stock crashes
Requires the stock to move below the break-even point
Pro Tip
AXP IV Rank:
78%
(High)
Target the short put strike at a known institutional support level (Put Wall).
Low IV
High IV
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Visualize the Bear Put Spread levels directly on your TradingView chart with this custom indicator snippet.
//@version=5
indicator("Bear Put Spread Visualizer", overlay=true)
// Inputs
long_put = input.float(100.0, "Long Put (Buy)")
short_put = input.float(90.0, "Short Put (Sell)")
// Drawing
p1 = plot(long_put, "Long Strike", color.red, 2)
p2 = plot(short_put, "Short Strike", color.green, 2)
// Logic
fill(p1, p2, color.new(color.red, 80), "Profit Zone")
bgcolor(close < short_put ? color.new(color.red, 90) : na)
How to use: Open the "Pine Editor" at the bottom of your TradingView chart, paste this code, and click "Add to Chart".