> For the complete documentation index, see [llms.txt](https://catpull-1.gitbook.io/hegic/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://catpull-1.gitbook.io/hegic/buying-options/bullish-options/bull-call-spread.md).

# Bull Call Spread

Low cost, decent profits if the price rises to a certain level

<figure><img src="https://2853328886-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F9IfN0SsphIpKDZ52Rrsw%2Fuploads%2FHkoDM6jBmtg5KjXK7nHo%2F1_5Wj_cST-8-z1llb8XDs1bw.webp?alt=media&amp;token=ea30f111-cc1d-44fc-a0a8-1eb8c8896bfb" alt=""><figcaption></figcaption></figure>

**The Bull Call Spread** is a strategy that helps you to make **a bet on a local price rise while paying less than for an at-the-money call option.**

The break-even price will also be lower than in the ATM options as the price should rise just a little higher for the Bull Call Spread to be in-the-money.

This is achieved by simultaneously **selling an out-of-the-money call option with a higher strike price when you buy an at-the-money call option**, as this is the essence of the Bull Call Spread.

**The Bull Call Spread has a limited low cost and capped potential profit.**

{% hint style="info" %}
Buying one Bull Call Spread is equal to buying ATM Call while selling a OTM call with a higher strike price at the same time.
{% endhint %}