Bearish Short Seagull Spread

This option trading strategy is a bear put spread financed with a sale of an OTM call option. It amounts to a short position in an OTM put option with a strike price K1 , a long position in an ATM put option with a strike price K2 , and a short position in an OTM call option with a strike price K3 . Ideally, the trade should be structured to have zero cost. The trader’s outlook is bearish. This is a capital gain strategy.