Back to overview
BullishDirectional strategyIntermediate
Bull Call Spread
Combine a long call with a higher-strike short call to reduce cost with capped upside.
Expecting moderate price gains, medium volatility.
- Buy an ATM or slightly ITM call
- Sell an OTM call at higher strike
- Same expiration (30–60 DTE)
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.