Bear Call Spread
A bear call spread consists of one short call at a lower strike price and one long call at a higher strike price. This strategy is used when the investor is bearish. The investor collects a net credit upfront and profits if the underlying asset stays below the lower strike price at expiration.
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Options
| Action | Qty | Expiration Date | Strike | Type | Price | Delta | IV | |||||||||
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| NVDA | NVDA Leg 1 |
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| NVDA | NVDA Leg 2 |
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Trade Information
Bear Call Spread
SELL -1 NVDA Dec 11, 2026 180.00 call @$4.90
BUY +1 NVDA Dec 11, 2026 205.00 call @$1.19
Stock
NVDA Current Price
$161.92 USD
NVDA Breakeven Price
Below $183.71 (+13.46%)
Trade Details
Cost of Trade
-$371.00 USD
Maximum Profit
$371.00
Maximum Loss
-$2,129.00
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)