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Vertical Spread Calculator

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