What is a Bear Call Spread?
A Bear Call Spread collects credit upfront by selling a Call and simultaneously buying a higher-strike Call as protection. You profit if the stock stays below your sold strike — no crash needed, just no rally. Both profit and loss are completely capped.
Nifty at ₹22,000. You're bearish-to-neutral, and 22,500 is strong resistance. You sell the 22,500 CE for ₹80 and buy the 22,800 CE for ₹35. Net credit: ₹45 × 75 = ₹3,375. If Nifty stays below 22,500, you keep all ₹3,375.
At a Glance
Max Profit
Net Credit Received
Max Loss
(Width − Net Credit) × Lot
Breakeven
Lower Strike + Net Credit
Type
Credit Spread · Defined
| Action | Type | Strike | Expiry | Qty |
|---|
| Sell | Call (CE) | Lower Strike — OTM above current | Same expiry (21–35 DTE) | 1 Lot |
| Buy | Call (CE) | Higher Strike — further OTM (wing) | Same expiry | 1 Lot |
P&L Simulator
Bear Call Spread
📊 Bear Call Spread — Payoff Chart + P&L Calculator
Index Price: 22000 · Sell Call Strike: 22500 · Buy Call Strike: 22800 · Sold Premium: 80 · Bought Premium: 35 · Lot Size: 75 · Price at Exit: 21800
When Should You Use This Strategy?
✓ When to Use / ✕ When to Avoid / ◉ IV / ◷ DTE
3 use items · 2 avoid items
⊞ Trade Table
0 legs · 3 scenarios
#Vertical Spreads
Disclaimer
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