A long put spread has a setup of purchasing one put option and selling a further out of the money put option. This is a bearish trade and cheaper to execute than a long put due to the short put sold. For this strategy to be true long put spread, then it needs to be executed with a net debit, if it is a net credit than it is a short put spread instead..
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Option Contracts
Long Put
Short Put
Equity - Long
100 shares
Estimated Returns
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