Bull Call Spread Screener Results For September 24th

Core Insights - The article discusses the bullish sentiment in the market and the use of Barchart's Bull Call Spread Screener as a strategy for traders who anticipate a short-term increase in stock prices [1]. Summary by Sections Bull Call Spread Strategy - A bull call spread involves buying a call option and selling a further out-of-the-money call option, resulting in a net debit position [2]. - The strategy profits as the underlying stock price increases, similar to a regular long call, but with capped upside potential due to the short call [3]. Trade Example - An example of a bull call spread on Palantir (PLTR) is provided, where the trader buys a January expiry $180 strike call and sells a $185 strike call, costing approximately $2.60 per contract [6]. - The maximum loss on this trade is $260, while the maximum potential gain is calculated to be $240, leading to a return potential of 92.31% [6][7]. - The estimated probability of profit for this trade is 50%, although this does not guarantee achieving the maximum profit [7].