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BullishDirectional strategyIntermediate

Bull Call Spread

Combine a long call with a higher-strike short call to reduce cost with capped upside.

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Expecting moderate price gains, medium volatility.

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  1. Buy an ATM or slightly ITM call
  2. Sell an OTM call at higher strike
  3. Same expiration (30–60 DTE)
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TSLA at 250 USD. Buy 250 call at 12, sell 270 call at 5. Net debit 7 USD (= 700 USD). Max gain 1300 USD above 270.