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Bull Call Spread

A trade position where you take a BUY and SELL position of an Option of same underlying and expiry but of different strike prices.

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Bull Call Spread meaning 2 calls, buy 1 OTM Call, and the simultaneous sell of another OTM Call (on the same underlying) with the same expiration date but a higher strike price.

Example: NIFTY Spot Price @10450

Orders NIFTY Strike Price
Buy 1 OTM Call NIFTY18APR10500PE
Sell 1 OTM Call (Higher Strike) NIFTY18APR10600PE

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