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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| GBTC | GBTC Leg 1 |
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| GBTC | GBTC Leg 2 |
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Trade Information
Bull Call Spread
BUY +1 GBTC Dec 11, 2026 59.00 call @$0.88
SELL -1 GBTC Dec 11, 2026 62.50 call @$0.25
Stock
GBTC Current Price
$54.73 USD
GBTC Breakeven Price
Above $59.63 (+8.95%)
Trade Details
Cost of Trade
$63.00 USD
Maximum Profit
$287.00
Maximum Loss
-$63.00
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)