Put Debit Spread (Bear Put Spread): Theta Gang Strategy #8 I r/wallstreetbets

#puts #robinhood #coronavirus #stocks #wsb

After a month with broken hardware, Kamikaze Cash is back in the game with an upgraded computer. With markets crashing, there is no better time to get in on Put Debit Spreads (also called bear put spreads). Put Debit Spreads allow you to take bearish trades with lower risk and cheaper entry prices than just buying puts.

To set a put debit spread:
Buy-to-open 1x put at a strike price of your choice;
Sell-to-open 1x put at a lower strike price.

Your max loss is the premium you paid to enter the trade.
Your max gain is the difference in strikes minus the premium you paid to enter the trade.
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