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Three-strike put spread centered on a bearish target. Bearish Calendar Spread: Long-term put vs. short-term put.

Mastering neutral strategies is what separates professionals from amateurs. These plays profit from the passage of time () rather than price movement. master 76 option strategies pdf

This is the kind of reference material you keep on your desk. Whether you are constructing a complex "Iron Condor" or a simple "Covered Call," having a visual map of the risk/reward is invaluable. Three-strike put spread centered on a bearish target