Bull call spread, also known as vertical bull spread, consists of a long position in lower strike call, frequently at the money, and a short position in a higher strike call of the same expiry.
The holder of a bull call spread usually expects the base price to go up, but not reach the strike of the short call, realizing the maximum profit.
A tight bull call spread is similar to a binary call option.
See also bear call spread and bull calendar spread.
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European call struck at 10.000 with expiry in 30 days
European call struck at 11.000 with expiry in 30 days
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