PayPal (PYPL) hit resistance at the declining 50 and 200-day moving averages and closed down nearly 2% yesterday. The Barchart Technical Opinion rating is a 56% Sell with an average short-term outlook on maintaining the current direction. Today, we’re going to look at a Bear Call spread trade. A Bear Call spread is a bearish trade that also can benefit from a drop in implied volatility. The maximum profit for a Bear Call spread is limited to the premium received while the maximum potential loss is also capped. To calculate the maximum loss, take the difference in the strike prices of the long …