Bull Call Spread
A bull call spread is a defined-risk bullish strategy that buys a call at one strike and sells another call at a higher strike with the same expiration.
Defined-Risk Bullish View
Bull call spread — buy a lower-strike call, sell a higher-strike call, same expiration.
Illustrative example — not live market data.
Manual Market — Go Beyond a Single Expiration
Manual Market lets you set expiration dates independently for each leg and model positions with your own inputs — without depending on OptionLab's built-in US or Israel market data. Explore more advanced positions shaped by both price and time.
Related Strategies
How It Works
A bull call spread buys a call at a lower strike and sells a call at a higher strike, both with the same expiration. The premium received from the short call partly offsets the cost of the long call.
Because both legs are set at the same time, the maximum loss and maximum profit are both limited from the start — designed for a moderately bullish view rather than an unlimited move. The position has one breakeven point, above the lower strike, where it starts to turn profitable.
Build a Bull Call Spread in OptionLab
Bull Call Spread is one of OptionLab's built-in strategy templates. OptionLab builds the two-leg structure for you, and you can adjust the strikes to match your view. From there, you can see the payoff graph, breakeven point, and maximum profit and maximum loss.
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