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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| SCHG | SCHG Leg 1 |
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Expiration Date
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Strike
Type
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Delta
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IV
%
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| SCHG | SCHG Leg 2 |
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Qty
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Expiration Date
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Strike
Type
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Delta
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IV
%
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Trade Information
Bear Call Spread
SELL -1 SCHG Dec 18, 2026 38.00 call @$0.38
BUY +1 SCHG Dec 18, 2026 39.00 call @$0.05
Stock
SCHG Current Price
$34.46 USD
SCHG Breakeven Price
Below $38.33 (+11.23%)
Trade Details
Cost of Trade
-$33.00 USD
Maximum Profit
$33.00
Maximum Loss
-$67.00
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)