META Bear Put Spread Calculator
A bear put spread buys a put and sells a lower one, which lowers the cost and caps the gain at the width of the strikes minus the debit.
This page holds no META market data. The $100 underlying price and the premiums are examples, so type the current price and your own premiums.
At expiration with the stock at $105.00
-$193.00
Max loss -$193.00
At expiration with the stock at $105.00
-$193.00
Max profit
+$307.00
Max loss
-$193.00
Break-even
$98.07
Solid green and red: at expirationAmber: day 15, modeledDotted line: current price
- Net debit
- $193.00
- Modeled on day 15 at $105.00
- -$133.89
- Max profit as a share of max loss
- 159.1%
- Delta (shares)
- -21.9
- Gamma
- 0.94
- Theta per day
- -$0.90
- Vega per point
- +$2.31
Modeled profit and loss by stock price and day
| Stock | Day 0 | Day 8 | Day 15 | Day 23 | Expiry |
|---|---|---|---|---|---|
| $110.40 | -$154 | -$168 | -$181 | -$192 | -$193 |
| $107.80 | -$130 | -$148 | -$166 | -$187 | -$193 |
| $105.20 | -$97 | -$115 | -$137 | -$172 | -$193 |
| $102.60 | -$53 | -$69 | -$89 | -$131 | -$193 |
| $100.00 | $0.00 | -$8.91 | -$22 | -$52 | -$193 |
| $97.40 | $59 | $60 | $60 | $61 | $67 |
| $94.80 | $120 | $130 | $143 | $176 | $307 |
| $92.20 | $176 | $192 | $214 | $255 | $307 |
| $89.60 | $223 | $241 | $262 | $293 | $307 |
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