Analyse bull call, bear put, bull put, and bear call vertical spreads. Calculate max profit, max loss, breakeven, net debit or credit, and risk-reward ratio.
Buy a lower-strike call, sell a higher-strike call. A debit spread that profits when the underlying rises.
Net Debit
$2
Max Profit
$300
Max Loss
$200
Breakeven
$102
Risk : Reward
1 : 1.5
Return on Risk
150%
Total Cost
$200
Strike Width
$5