$SPY Bull Call Spread Strategy: Cost $184.50, Max Profit $315.50 (Apr 19, 2026 Expiry)

DailyOptions999

$标普500ETF(SPY)$ Bull Call Spread Strategy: Cost $184.50, Max Profit $315.50 (Apr 19, 2026 Expiry)

📊 Ticker: $SPY

Strategy: Bull Call Spread (Debit Spread)

Contracts

Buy to Open: 1 × $680 Call, Exp 2026-04-19, Ask $2.58
Sell to Open: 1 × $685 Call, Exp 2026-04-19, Bid $0.735

Financials

Net Debit (Cost): $2.58 − $0.735 = $1.845 per share ($184.50 per spread)
Max Profit: ($5.00 strike width − $1.845 debit) × 100 = $315.50
Max Loss: Net Debit × 100 = $184.50
Break-even Price: $680 + $1.845 = $681.85

Thesis

Neutral to cautiously bullish on $标普500ETF(SPY)$ over the next 1–2 weeks. Market is grinding higher or holding above $680 with limited upside. Volatility (IV ~19.07%, IV percentile ~54%) is moderate, so a defined-risk debit spread avoids overpaying for premium while retaining upside exposure.

Risk Management Plan:
- Profit-taking: Close if spread value reaches $190–$220 (60–70% of max profit).
- Stop-loss: Exit if $SPY closes below ~$675 or spread value decays to $75.

⚠️ Disclaimer: This is not financial advice. Options trading involves significant risk and may result in loss of capital. Past performance does not guarantee future results. Always do your own research and consult a qualified financial advisor before making investment decisions.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

snoozi
04-13 19:55
snoozi
Solid spread mate, hope it prints! [看涨]

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Market is grinding higher or holding above $680 with limited upside. Volatility (IV ~19.07%, IV percentile ~54%) is moderate, so a defined-risk debit spread avoids overpaying for premium while retaining upside exposure.</p>\n<ul style=\"\">\n <li>\n  <p><strong>Risk Management Plan</strong>:</p>\n  <ul style=\"\">\n   <li>\n    <p>Profit-taking: Close if spread value reaches $190–$220 (60–70% of max profit).</p></li>\n   <li>\n    <p>Stop-loss: Exit if $SPY closes below ~$675 or spread value decays to $75.</p></li>\n  </ul></li>\n</ul>\n<p>⚠️ <strong>Disclaimer</strong>: This is not financial advice. Options trading involves significant risk and may result in loss of capital. Past performance does not guarantee future results. Always do your own research and consult a qualified financial advisor before making investment decisions.</p></body></html>","htmlText":"<html><head></head><body><h3 id=\"id_2160722940\"><a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"标普500ETF\" href=\"https://ttm.financial/S/SPY\">$标普500ETF(SPY)$</a> Bull Call Spread Strategy: Cost $184.50, Max Profit $315.50 (Apr 19, 2026 Expiry)</h3>\n<p>📊 <strong>Ticker: $SPY</strong></p>\n<p><strong>Strategy:</strong> Bull Call Spread (Debit Spread)</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2fbdedaf92f49dcfd3371d01421d2b09\" tg-width=\"1376\" tg-height=\"768\"></p>\n<h4 id=\"id_3401985906\">Contracts</h4>\n<ul style=\"\">\n <li>\n  <p><strong>Buy to Open</strong>: 1 × $680 Call, Exp 2026-04-19, Ask $2.58</p></li>\n <li>\n  <p><strong>Sell to Open</strong>: 1 × $685 Call, Exp 2026-04-19, Bid $0.735</p></li>\n</ul>\n<h4 id=\"id_3748188333\">Financials</h4>\n<ul style=\"\">\n <li>\n  <p><strong>Net Debit (Cost)</strong>: $2.58 − $0.735 = $1.845 per share ($184.50 per spread)</p></li>\n <li>\n  <p><strong>Max Profit</strong>: ($5.00 strike width − $1.845 debit) × 100 = <strong>$315.50</strong></p></li>\n <li>\n  <p><strong>Max Loss</strong>: Net Debit × 100 = <strong>$184.50</strong></p></li>\n <li>\n  <p><strong>Break-even Price</strong>: $680 + $1.845 = <strong>$681.85</strong></p></li>\n</ul>\n<h4 id=\"id_1898818246\">Thesis</h4>\n<p>Neutral to cautiously bullish on <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"标普500ETF\" href=\"https://ttm.financial/S/SPY\">$标普500ETF(SPY)$</a> over the next 1–2 weeks. Market is grinding higher or holding above $680 with limited upside. Volatility (IV ~19.07%, IV percentile ~54%) is moderate, so a defined-risk debit spread avoids overpaying for premium while retaining upside exposure.</p>\n<ul style=\"\">\n <li>\n  <p><strong>Risk Management Plan</strong>:</p>\n  <ul style=\"\">\n   <li>\n    <p>Profit-taking: Close if spread value reaches $190–$220 (60–70% of max profit).</p></li>\n   <li>\n    <p>Stop-loss: Exit if $SPY closes below ~$675 or spread value decays to $75.</p></li>\n  </ul></li>\n</ul>\n<p>⚠️ <strong>Disclaimer</strong>: This is not financial advice. Options trading involves significant risk and may result in loss of capital. Past performance does not guarantee future results. Always do your own research and consult a qualified financial advisor before making investment decisions.</p></body></html>","text":"$标普500ETF(SPY)$ Bull Call Spread Strategy: Cost $184.50, Max Profit $315.50 (Apr 19, 2026 Expiry) 📊 Ticker: $SPY Strategy: Bull Call Spread (Debit Spread) Contracts Buy to Open: 1 × $680 Call, Exp 2026-04-19, Ask $2.58 Sell to Open: 1 × $685 Call, Exp 2026-04-19, Bid $0.735 Financials Net Debit (Cost): $2.58 − $0.735 = $1.845 per share ($184.50 per spread) Max Profit: ($5.00 strike width − $1.845 debit) × 100 = $315.50 Max Loss: Net Debit × 100 = $184.50 Break-even Price: $680 + $1.845 = $681.85 Thesis Neutral to cautiously bullish on $标普500ETF(SPY)$ over the next 1–2 weeks. Market is grinding higher or holding above $680 with limited upside. Volatility (IV ~19.07%, IV percentile ~54%) is moderate, so a defined-risk debit spread avoids overpaying for premium while retaining upside exposure. Risk Management Plan: Profit-taking: Close if spread value reaches $190–$220 (60–70% of max profit). Stop-loss: Exit if $SPY closes below ~$675 or spread value decays to $75. ⚠️ Disclaimer: This is not financial advice. Options trading involves significant risk and may result in loss of capital. Past performance does not guarantee future results. Always do your own research and consult a qualified financial advisor before making investment decisions.","highlighted":1,"essential":1,"paper":2,"likeSize":20,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/553122019975712","repostId":0,"isVote":1,"tweetType":1,"viewCount":292,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["SPY"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":true,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":1063,"optionInvolvedFlag":true,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":553428240888120,"commentId":"553428240888120","gmtCreate":1776081305022,"gmtModify":1776172939113,"authorId":9000000000000360,"author":{"id":9000000000000360,"idStr":"9000000000000360","authorId":9000000000000360,"name":"snoozi","avatar":"https://static.tigerbbs.com/baf2072a17d25a1d36d3d9998b259d99","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":553122019975712,"objectIdStr":"553122019975712","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Solid spread mate, hope it prints! [看涨]","text":"Solid spread mate, hope it prints! [看涨]","html":"Solid spread mate, hope it prints! [看涨]","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/553122019975712"}