bear strategy BEAR SPLIT-STRIKE COMBO

Example: Buy 1 put;
sell 1 call at higher strike
Market Outlook: Bearish
Risk: Unlimited
Reward: Limited, but substantial
Increase in Volatility: Neutral
Time Erosion: Neutral
BEP: Two BEPs
1. Short call strike plus
premium received
2. If established at a debit, long
put strike minus premium paid