Greetings,
i have made a summery graph to help me memorize (in timely manner) the option spread postion profile. Although i fully understand how it is being constructed, i thought a reference graph will consume less cognitive power during exam to recall a profile shape i thought it might worth sharing.
i hope it is intuitive to understand.
1- Above x-axis are debt spread, below are credit spread
2- two dots are low strike price and high strike price
3- left side is call position and right side is put position
4- corners are labelled
so, you wont to recall bear put = Bear is right top corner + put is right side. You know without rethinking its debt spread and profit is delta(strike) - premium. remaining area easily recalled.
i hope you find it helpful