Bear Put Ladder Calculator

Search a symbol to visualize the potential profit and loss for a bear put ladder option strategy.

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What is a bear put ladder?

NeutralLow VolatilityLimited ProfitLimited Loss

A bear put ladder is an extension to the bear put spread, as it now includes another short put. The name suggests it is a bearish strategy, but it is actually neutral since it has a nearly uncapped loss on the downside, and a capped loss on the upside.

Time is helpful when the position is profitable, and harmful when it isn't.

(also known as: Long Put Ladder)
ABCProfitLossStock Price (at expiration)
  • Sell a put at strike A
  • Sell a put at strike B
  • Buy a put at strike C