Bear Call Spread...做法 (圖)

STRATEGY	Bear Call Spread
MARKET OPINION	Bearish
MARKET POSITION	Sell a lower strike price call and buy a higher strike price call on the same commodity with the same expiration date
OPTION STRATEGY DEBIT/CREDIT	Net credit [premium received is greater than premium paid]
PROFIT POTENTIAL	Limited to the net credit
PROFIT POINT	Any futures price below the [lower strike price plus net credit]; maximum profit point is any futures price at or below the lower strike price
LOSS POTENTIAL	Limited to the [difference between the strike prices] minus the net credit
LOSS POINT	Any futures price above the [lower strike price plus net credit]; maximum loss point is any futures price at or above the higher strike price
BREAK-EVEN-POINT	Lower strike price + net credit
MARGIN REQUIRED	Yes
DELTA	[Delta of call bought]-[Delta of call sold]