BULLISH Strategy

Bull Call Spread

Live Bull Call Spread Setup for Hesai Group American Depositary Share, each ADS represents one Class B ordinary share (HSAI)

What is a Bull Call Spread?

A Bull Call Spread (Vertical Call Spread) involves buying an at-the-money call and selling an out-of-the-money call at a higher strike.

When to Use It

Use when you are moderately bullish on a stock and want to reduce the cost of a long call.

Advantages

Lower cost than buying a call outright
Defined maximum loss
Less impact from IV crush

Disadvantages

Upside is capped at the short strike
Maximum profit is limited
Pro Tip
HSAI IV Rank: 45% (Moderate)

Place the short strike at a major institutional resistance level (Call Wall).

Low IV High IV

Never miss a prime HSAI setup

Join 15,000+ traders getting real-time Bull Call Spread signals and institutional gamma wall alerts.

Get Free Alerts

TradingView Pine Script

Visualize the Bull Call Spread levels directly on your TradingView chart with this custom indicator snippet.

//@version=5
indicator("Bull Call Spread Visualizer", overlay=true)

// Inputs
long_call = input.float(100.0, "Long Call (Buy)")
short_call = input.float(110.0, "Short Call (Sell)")

// Drawing
p1 = plot(long_call, "Long Strike", color.green, 2)
p2 = plot(short_call, "Short Strike", color.red, 2)

// Logic
fill(p1, p2, color.new(color.green, 80), "Profit Zone")
bgcolor(close > short_call ? color.new(color.green, 90) : na)
How to use: Open the "Pine Editor" at the bottom of your TradingView chart, paste this code, and click "Add to Chart".

Popular Bull Call Spread Setups

SPY Bull Call Spread QQQ Bull Call Spread IWM Bull Call Spread NVDA Bull Call Spread TSLA Bull Call Spread AAPL Bull Call Spread AMD Bull Call Spread AMZN Bull Call Spread MSFT Bull Call Spread GOOGL Bull Call Spread

Live Example: HSAI

Analyzing HSAI Options Chain...

Want to build this strategy for a different stock?

Launch Options Lab