Bullish Spread
Call Spread Calculator
Calculate potential profit and loss for vertical call spreads. Choose between bull call spreads (debit) or bear call spreads (credit).
BullishLimited RiskLimited Reward
A bull call spread involves buying a call at a lower strike and selling a call at a higher strike. It's a debit spread that profits when the stock rises moderately.
Spread Type
Current price: $100.00
Long Call (Buy)
Short Call (Sell)
Payoff at ExpirationStock Price vs Profit/Loss
Current: $100.00
Breakeven: $103.00
Max Profit
$700.00
Max Loss
$300.00
Trade Summary
Net Debit$300.00
Max Profit$700.00
Max Loss$300.00
Breakeven$103.00
Risk/Reward1:2.33
Spread Width
$10.00
Breakeven
$103.00
Understanding Call Spreads
A call spread (or vertical call spread) involves buying and selling call options at different strike prices but the same expiration. The direction determines if it's a debit or credit spread.
Bull Call Spread
- • Buy lower strike call
- • Sell higher strike call
- • Pay net debit
- • Profit if stock rises
Bear Call Spread
- • Sell lower strike call
- • Buy higher strike call
- • Receive net credit
- • Profit if stock falls/stays flat
Key Formulas
Bull Call Spread Max Profit
Max Profit = (Short Strike - Long Strike) × 100 - Net DebitBull Call Spread Breakeven
Breakeven = Long Strike + Net Debit per ShareRelated Calculators
Track Your Spread Trades
Import your spread trades and analyze performance with detailed P&L tracking.
Get Started Free