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.
Upgrade to unlock advanced probability and risk metrics.
Options
| Action | Qty | Expiration Date | Strike | Type | Price | Delta | IV | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ONDS | ONDS Leg 1 |
Action
Qty
|
Expiration Date
|
|
Strike
Type
|
Price
|
|
Delta
|
IV
%
|
|
|
|||||
| ONDS | ONDS Leg 2 |
Action
Qty
|
Expiration Date
|
|
Strike
Type
|
Price
|
|
Delta
|
IV
%
|
|
|
Trade Information
Bull Call Spread
BUY +1 ONDS Dec 11, 2026 7.00 call @$0.25
SELL -1 ONDS Dec 11, 2026 13.00 call @$0.05
Stock
ONDS Current Price
$5.73 USD
ONDS Breakeven Price
Above $7.20 (+25.65%)
Trade Details
Cost of Trade
$20.00 USD
Maximum Profit
$580.00
Maximum Loss
-$20.00
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)