I'm reading a document that states the following:

1 year, European, 1250/1000 put spread

Does this mean it's a bull or bear put spread?

  • Ah, I was not aware. Although this is for a quantitative problem, this specific part (the one I'm asking about) is more money related. Thanks!
    – sooprise
    Dec 7 '11 at 22:52

you're buying 1250 and selling 1000 -> short delta -> bear PS

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