Bull call spread
Buy a lower-strike call, sell a higher-strike call (same expiry). Cheaper than a long call alone but caps your upside at the upper strike.
INPUTS
Underlying price
$
Centers the payoff chart and computes P&L at this price.
LEGS
Long lower call
Type
Side
Strike
$
Qty
Premium
$
Short upper call
Type
Side
Strike
$
Qty
Premium
$
RESULT
$60.002 strikes$140.00
P&L at current spot (expiry)
−$150
Net debit−$150
Max profit+$350
Max loss−$150
Breakeven$101.50
Risk / reward2.33 : 1
RISK PROFILE
Max profit
Strike width × 100 − net debit
Max loss
Net debit paid
Breakeven
Lower strike + (debit ÷ 100)
RELATED STRATEGIES
NEXT
Done planning? Log the trade.
Sutekka journals every leg automatically — and shows you the actual P&L when you close it. Free forever.
Start logging — free