DESCRIPTION: A call spread is a bullish strategy, with limited risk and limited upside potential. To construct a long call spread, one buys a call option and sells one with a higher strike price using the same expiration date on both options. It is sometimes referred to as a “call vertical.” It gets this name because strikes are listed vertically on the options table. Call Spreads are often referred to “Debt Call Spreads” because the price of the option purchased is higher than the … Continue reading Call Spread