Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTGavin McMasterThu, June 4, 2026 at 1:00 PM GMT+2 3 min read3 Bear Put Spread Trade Ideas For This TuesdayA bear put spread is a vertical spread that aims to profit from a stock declining in price. It has a bearish directional bias as hinted in the name. Unlike the bear call spread, it suffers from time decay so traders need to be correct on the direction of the underlying and also the timing.More News from Barchart3 Reasons Why Unusual Options Activity in Progressive Stock May Point to a BottomStop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!A bear put spread is created through buying an out-of-the-money put and selling a further out-of-the-money put.The maximum profit is equal to the distance between the strikes, less the premium paid. The loss is limited to the premium paid.With the market looking a bit toppy here, it could be a good idea to add some bearish trades to your options portfolio.Let’s take a look at Barchart’s Bear Put Spread Screener for today:Some interesting trades here with impressive Max Profit Percentage.Let’s take a look at the first item in the table – a bear put spread on Amazon (AMZN).Amazon Bear Put Spread ExampleUsing the August 21 expiry, this trade involves buying the $265 put and selling the $260 put.The price for the trade is $3.60 which means the trader would pay $360 to enter the trade. This is also the maximum loss. The maximum gain be calculated by taking the width between the strikes and subtracting the premium paid:5 – 3.60 x 100 = $140.The breakeven price for the trade is equal to the short put strike, plus the premium. In this case, that gives us a breakeven price of $261.40.The Barchart Technical Opinion rating is a 72% Buy with a Weakening short term outlook on maintaining the current direction.Long term indicators fully support a continuation of the trend.Coinbase Bear Put Spread ExampleThe next stock in the list is Coinbase (COIN) example is also using the August 21 expiry and involves buying the $175 strike put and selling the $170 strike put.The cost of the trade is $360, which is also the maximum loss with the maximum possible gain being $140. The maximum gain would occur if Coinbase stock closes below $170 on the expiration date.The Barchart Technical Opinion rating is an 88% Sell with a Strongest short term outlook on maintaining the current direction.Long term indicators fully support a continuation of the trend.Let’s look at another example, this time on Netflix (NFLX).Netflix Bear Put Spread ExampleThe Netflix example is using the August 21 expiry and involves buying the $85 strike put and selling the $83 strike put.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info