Bull Call Spread
In this strategy, an investor simultaneously purchases call options at a specific strike price and sells the same number of calls at a higher strike price. Both call options have the same expiration date. This strategy is used when the investor is bullish and expects a moderate rise in the price of the underlying asset. The investor limits their upside profit potential but reduces the net premium spent compared to buying a single call option outright. The strategy is also known as a "debit call spread" because the investor pays a net debit to establish the position.
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Options
| Action | Qty | Expiration Date | Strike | Type | Price | Delta | IV | |||||||||
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| APP | APP Leg 1 |
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| APP | APP Leg 2 |
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Trade Information
Bull Call Spread
BUY +1 APP Dec 11, 2026 445.00 call @$12.35
SELL -1 APP Dec 11, 2026 505.00 call @$2.75
Stock
APP Current Price
$403.61 USD
APP Breakeven Price
Above $454.60 (+12.63%)
Trade Details
Cost of Trade
$960.00 USD
Maximum Profit
$5,040.00
Maximum Loss
-$960.00
CVaR
Probability Analysis
Probability of Profit (PoP)
Probability of Max Profit
Probability of Max Loss
Risk Reward Analysis
Expected Value (EV)
Expected Return (EV/risk)
Reward/Risk
Position Greeks
Delta (Δ)
Gamma (Γ)
Theta (Θ)
Vega (ν)