The motivation of the strategy is to generate a profit if the stock rises, but make the strategy cheaper than simply buying a call option.
However, the Profit / Loss of a Bull Call Spread is limited (whereas the one of a plain call is unlimited).
|Buy / Sell||Quantity||Call / Put / Stock||Strike||Days to Expiry||Volatility, %||Premium||Debit / Credit|
Bull Call Spread P/L Chart
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