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Bull Call Spread

Limited risk, limited reward bullish strategy using two calls.

Intermediate

Market Outlook

bullish

Family

vertical

Capital Req

medium

Risk Profile

neutral

Strategy Overview

Key characteristics and when to use

Structure

Buy Call + Sell Higher Strike Call

Greek Profile

Positive delta, mixed theta, limited vega exposure

Characteristics

DebitBullishIntermediateLimited Risk

Profit & Loss Formulas

Mathematical breakdown

Max Profit

Difference in strikes - net debit paid

Max Loss

Net debit paid

Breakeven

Lower strike + net debit paid