{"id":217261,"date":"2026-08-24T15:51:43","date_gmt":"2026-08-24T10:21:43","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=217261"},"modified":"2026-08-24T15:51:45","modified_gmt":"2026-08-24T10:21:45","slug":"bear-put-spread-bankex","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/bear-put-spread-bankex\/","title":{"rendered":"Bear Put Spread Bankex: Setup, Payoff and Risk Guide"},"content":{"rendered":"
<\/div>\n

Bankex level used in this article: Rs 59,500 (as of illustrative reference level; verify current level on BSE). Next monthly (last Thursday of the month) expiry: 27 August 2026 (Thursday). Lot size 15. Weekly options on Bankex were discontinued in November 2024 under SEBI’s one weekly index per exchange rule; only monthly contracts remain.<\/em><\/p>\n

\n

Quick Answer<\/strong><\/p>\n

The bear put spread Bankex is a two leg defined risk options strategy that buys a put at a higher strike and sells a put at a lower strike on the same monthly expiry, creating a trade that may profit from a moderate decline in the index. With Bankex at Rs 59,500, the bear put spread Bankex costs a net debit at entry, which is the maximum loss. The maximum profit is the spread width minus the net debit, multiplied by the lot size, earned when the index closes at or below the lower sold strike at the monthly expiry.<\/p>\n<\/div>\n

The bear put spread Bankex is the directional counterpart of the bull call spread. By selling a lower strike put alongside the long higher strike put, the this strategy reduces the net cost of the bearish position in exchange for capping the maximum profit at the lower sold strike. Because Bankex only offers monthly contracts, a bearish view expressed through this strategy has a full month to play out.<\/p>\n

Bankex has historically shown sensitivity to interest rate expectations and RBI policy given its composition, which can create moderate directional moves that a bear put spread Bankex is well suited to capture within a defined risk framework.<\/p>\n

Click Here – Get Free Investment Predictions<\/strong><\/a><\/p>\n

\n
\n

Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n