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bear spread

n. (context finance English) One of a variety of strategies involving two or more options (or options combined with a position in the underlying stock) that can potentially profit from a fall in the price of the underlying stock.

Wikipedia
Bear spread

In options trading, a bear spread is a bearish, vertical spread options strategy that can be used when the options trader is moderately bearish on the underlying security.

Because of put-call parity, a bear spread can be constructed using either put options or call options. If constructed using calls, it is a bear call spread. If constructed using puts, it is a bear put spread.

Usage examples of "bear spread".

The bear spread his paws wide and lumbered through the bushes towards them.

He crossed to the hearth, where the bear spread like a wide black pool.