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Long Put Ladder

Description

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Extends a bear put spread with a third strike: one put is bought at the highest strike, one sold at the middle strike and another sold lower still, all in the same expiration.

That extra short put leaves the position net short an option below the bottom strike, where losses widen as the stock keeps falling. Each contract is quoted from bid and ask so the net premium reflects real markets, and the expiration payoff grid shows the profitable band between the strikes and exactly where it ends.

Template Screenshots

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