Bull Call Spread (Debit Call Spread) Calculator
This Bull Call Spread Calculator helps you estimate payoff at expiration for a bull call spread, also called a debit call spread. The strategy consists of buying a call at a lower strike and selling a call at a higher strike (same expiration), resulting in a net debit. It’s commonly used when you are moderately bullish and want defined risk with capped upside.
How a Bull Call Spread Works
A bull call spread is a vertical spread that profits if the underlying rises, but has limited profit. You pay a net debit upfront and your maximum loss is typically that debit (before fees).
Key Formulas
Net Debit = (Long Call Premium − Short Call Premium) × 100 × Contracts
Breakeven = Long Strike + (Long Premium − Short Premium)
Max Profit = (Short Strike − Long Strike − Net Debit per share) × 100 × Contracts
Max Loss = Net Debit × 100 × Contracts
Related Strategy Calculators
Compare with: Bear Call Spread Calculator, Bull Put Spread Calculator, Long Call Calculator.