Strategy group · 7 positions
Bearish strategies
Structures for a falling or weakening underlying
Structures for a declining or weak underlying
Long Put
Put purchase with defined premium at risk and downside.
Open calculator ↗Moderately bearishBear Put Spread
Long higher-strike put financed by short lower-strike put.
Open calculator ↗Moderately bearishBear Call Spread
Short lower-strike call with protective higher-strike call.
Open calculator ↗Moderately bearishCovered Put
Short shares with short put limiting profit below strike.
Open calculator ↗Strongly bearishPut Ratio Backspread
Short higher-strike put with two long lower-strike puts.
Open calculator ↗Moderately bearishBear Put Ladder
Bear put spread with additional short put.
Open calculator ↗BearishSynthetic Short Stock
Short call and long put at same strike mimic short stock.
Open calculator ↗What the calculator includes
Expiry-aware modelling. Same-expiry lines use intrinsic value; mixed-expiry lines value the position at the earliest expiry while later legs retain theoretical value.
Editable legs. Change side, instrument, quantity, strike or premium; add and remove legs without an account.
Model boundary. Live legs use European Black–Scholes with their own DTE and IV. Results exclude fees, tax, liquidity, early assignment and American exercise behavior.