Bear put spread payoff

How is the payoff of a limited-risk bearish position capped?

US options OPT-024 Line Sample

Sample data. Every number, symbol and holding on these pages is generated sample data dated 2026-10-16, used only to illustrate layout and method for educational and informational purposes. It is not market data, backtest output or a forecast, and the analytics described in the specifications are not running.

Download CSV Sample JSON Specification JSON Sample as of

0700.HK Tencent Holdings | Hang Seng Index | 2025-10-16 – 2026-10-16 | HKD

Highest item: Long-leg K
53,154 USD
Lowest item: Below the short-leg K
-103,447 USD
Average
-69 USD
Number of items
5 items

Main chart: profit and loss at expiry (USD / standard lot), by share price at expiry (USD)

Profit and loss at expiry (USD / standard lot) (Line)

Supporting chart: net cost, maximum payoff and breakeven price

Net cost, maximum payoff and breakeven price (Bar)

Detail: rows, observation dates and missing-value status for the bear put spread payoff

Profit and loss at expiry (USD / standard lot) and Net cost, maximum payoff and breakeven price (Table)

Sample data rows

Share price at expiry (USD)Profit and loss at expiry (USD / standard lot)Net cost, maximum payoff and breakeven priceData date (sample)
Below the short-leg K -103447 32.51 2026-10-16
Short-leg K 42274 17.15 2026-10-16
Breakeven price -535 4.9 2026-10-16
Long-leg K 53154 32.75 2026-10-16
Above the long-leg K 8210 10.96 2026-10-16