Bull Call Spread (ETFs)
A Bull Call spread is a debit spread created by purchasing a Call with a lower strike price and selling a Call with a higher strike price. Both options expire in the same month. This is a bullish strategy and should be implemented when you expect the market to close above the strike price of the short Call option—the point of maximum reward (at expiration).
GLD $179.95
Buy to Open (1) Sep 11 174 C @ $8.85
Sell to Open (1) Sep 11 179 C @ $5.75
Net Debit: $3.10 ($310.00)
Breakeven: $177.10
Max. Profit: $190.00
Pct Return: 61.3% (28 days)
VXX $42.55
Buy to Open (1) Sep 11 37 C @ $8.60
Sell to Open (1) Sep 11 42 C @ $5.60
Net Debit: $3.00 ($300.00)
Breakeven: $40.00
Max. Profit: $200.00
Pct Return: 66.7% (28 days)
TLT $111.20
Buy to Open (1) Sep 11 107 C @ $5.65
Sell to Open (1) Sep 11 112 C @ $2.80
Net Debit: $2.85 ($285.00)
Breakeven: $109.85
Max. Profit: $215.00
Pct Return: 75.4% (28 days)
SLV $41.68
Buy to Open (1) Sep 11 38 C @ $4.50
Sell to Open (1) Sep 11 43 C @ $1.59
Net Debit: $2.91 ($291.00)
Breakeven: $40.91
Max. Profit: $209.00
Pct Return: 71.8% (28 days)
GDX $61.26
Buy to Open (1) Sep 11 58 C @ $4.75
Sell to Open (1) Sep 11 63 C @ $1.78
Net Debit: $2.97 ($297.00)
Breakeven: $60.97
Max. Profit: $203.00
Pct Return: 68.4% (28 days)
All positions displayed are for educational purposes only and are not intended to be recommendations.
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