Iron Condor
Mechanics · 8 min

Bear put spread (debit)

The bullish call spread, reflected. Long a higher put, short a lower put. Same risk-defined logic, opposite direction.

In this lesson

  • The construction
  • The skew tax
  • When the bear put spread is the right tool
  • When to skip it
  • Management

Read the full lesson in the app

The complete lesson, with worked examples, callouts, and a quiz to test yourself, is in Iron Condor Options.

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