Value-Trades

Bull Call Spread Strategy: Real Trade Example


Real Example (July 2025)

A bull call spread is a defined-risk, moderately bullish strategy involving the purchase of a lower strike call and sale of a higher strike call with the same expiration.
  • Stock: XYZ Corp
  • Outlook: Moderately bullish
  • Setup: Buy 1 XYZ $70 Call @ $4.00; Sell 1 XYZ $75 Call @ $2.00
  • Net Debit: $2.00 ($200 per contract)
  • Max Profit: $300
  • Max Loss: $200
  • Breakeven: $72.00

Outcomes

Price at Expiration $70 Call Value $75 Call Value Net Value of Spread Profit/Loss
< $70 (e.g., $68) $0 $0 $0 -$200
$73 $3.00 $0 $3.00 +$100
> $75 (e.g., $80) $10.00 $5.00 $5.00 +$300

Compare With Bull Put Spread Strategy →

Learn Bull Put Spread

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