Bear Put Spread
Bear put debit spreads are strategies that are designed to profit from a directional move lower in the underlying stock. Because you are a net buyer of options, they might also profit from increased implied volatility (though is not as likely). These are generally low probability trades that end up being 50-50 bets on the underlying direction. As a result, we do not trade these types of strategies often in our portfolio but will occasionally use them for rebalancing purposes.