How are MDWD bear put spread max profit and max loss calculated?

Max profit equals strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-put strike minus net debit. For the MDWD bear put spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 16.40%), the computed maximum profit is $49.50 per contract and the computed maximum loss is -$50.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a MDWD bear put spread?

The breakeven for the MDWD bear put spread priced on this page is roughly $13.50 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The MDWD market-implied 1-standard-deviation expected move in the same options snapshot is approximately 4.70%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current MDWD implied volatility affect this bear put spread?

MDWD ATM IV is at 16.40% with IV rank near 0.00%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.

MDWD Bear Put Spread Strategy

MDWD (MediWound Ltd.), in the Healthcare sector, (Biotechnology industry), listed on NASDAQ.

MediWound Ltd., a biopharmaceutical company, develops, manufactures, and commercializes novel, bio-therapeutic, and non-surgical solutions for tissue repair and regeneration in the United States, Germany, Italy, Spain, and internationally. The company markets NexoBrid, a biopharmaceutical product for the removal of eschar in patients with deep partial- and full-thickness thermal burns to burn centers and hospitals burn units. It also develops EscharEx, a bromelain-based, bioactive enzymatic therapy for the treatment of chronic wounds and other hard-to-heal wounds; and MW005, a topically applied biological product candidate to treat non-melanoma skin cancers. MediWound Ltd. was incorporated in 2000 and is headquartered in Yavne, Israel.

MDWD (MediWound Ltd.) trades in the Healthcare sector, specifically Biotechnology, with a market capitalization of approximately $178.7M, a beta of 0.16 versus the broader market, a 52-week range of 13.54-20.3, average daily share volume of 88K, a public-listing history dating back to 2014, approximately 121 full-time employees. These structural characteristics shape how MDWD stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.16 indicates MDWD has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.

What is a bear put spread on MDWD?

A bear put spread buys an at-the-money put and sells an out-of-the-money put at a lower strike for defined risk and defined reward bounded by the strike width.

MDWD snapshot

As of August 14, 2026, spot at $13.52, ATM IV 16.40%, IV rank 0.00%, expected move 4.70%. The bear put spread on MDWD below is built from the August 14, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.

Why this bear put spread structure on MDWD specifically: MDWD IV at 16.40% is on the cheap side of its 1-year range, which favors premium-buying structures like a MDWD bear put spread, with a market-implied 1-standard-deviation move of approximately 4.70% (roughly $0.64 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated MDWD expiries trade a higher absolute premium for lower per-day decay. Position sizing on MDWD should anchor to the underlying notional of $13.52 per share and to the trader's directional view on MDWD stock.

MDWD bear put spread setup

The MDWD bear put spread below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With MDWD at $13.52 on that close, the first option leg uses a $14.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MDWD chain at a 35-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 MDWD shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$14.00	$0.88
Sell 1	Put	$13.00	$0.38

MDWD bear put spread risk and reward

Net Premium / Debit: -$50.50
Max Profit (per contract): $49.50
Max Loss (per contract): -$50.50
Breakeven(s): $13.50
Risk / Reward Ratio: 0.980

Max profit equals strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-put strike minus net debit.

MDWD bear put spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bear put spread on MDWD. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-99.9%	+$49.50
$3.00	-77.8%	+$49.50
$5.99	-55.7%	+$49.50
$8.97	-33.6%	+$49.50
$11.96	-11.5%	+$49.50
$14.95	+10.6%	-$50.50
$17.94	+32.7%	-$50.50
$20.93	+54.8%	-$50.50
$23.92	+76.9%	-$50.50
$26.90	+99.0%	-$50.50

When traders use bear put spread on MDWD

Bear put spreads on MDWD reduce the cost of a bearish MDWD stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.

MDWD thesis for this bear put spread

The market-implied 1-standard-deviation range for MDWD extends from approximately $12.88 on the downside to $14.16 on the upside. A MDWD bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on MDWD, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current MDWD IV rank near 0.00% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on MDWD at 16.40%. As a Healthcare name, MDWD options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MDWD-specific events.

MDWD bear put spread positions are structurally moderately bearish; the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. MDWD positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move MDWD alongside the broader basket even when MDWD-specific fundamentals are unchanged. Long-premium structures like a bear put spread on MDWD are particularly exposed to IV-crush risk through scheduled events (earnings, FDA decisions, central-bank meetings) where IV typically contracts post-event regardless of the directional outcome. Always rebuild the position from current MDWD chain quotes before placing a trade.

Frequently asked questions

What is a bear put spread on MDWD?: A bear put spread on MDWD is the bear put spread strategy applied to MDWD (stock). The strategy is structurally moderately bearish: A bear put spread buys an at-the-money put and sells an out-of-the-money put at a lower strike for defined risk and defined reward bounded by the strike width. With MDWD stock at $13.52 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed MDWD chain strike and the premiums come straight from that session's bid/ask midpoint.
How are MDWD bear put spread max profit and max loss calculated?: Max profit equals strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-put strike minus net debit. For the MDWD bear put spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 16.40%), the computed maximum profit is $49.50 per contract and the computed maximum loss is -$50.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a MDWD bear put spread?: The breakeven for the MDWD bear put spread priced on this page is roughly $13.50 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The MDWD market-implied 1-standard-deviation expected move in the same options snapshot is approximately 4.70%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a bear put spread on MDWD?: Bear put spreads on MDWD reduce the cost of a bearish MDWD stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
How does current MDWD implied volatility affect this bear put spread?: MDWD ATM IV is at 16.40% with IV rank near 0.00%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.