Bear Call Ladder Calculator

Search a symbol to visualize the potential profit and loss for a bear call ladder option strategy.

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What is a bear call ladder?

DirectionalUnlimited ProfitLimited Loss

A bear call ladder is an extension to the bear call spread, as it now includes another long call. The name suggests it is a bearish strategy, but it is actually bearish or bullish, since it has a capped gain on the downside and an infinite gain on the upside.

This strategy requires significant volatility to be profitable. Time is harmful when the position is unprofitable, but helpful once it becomes profitable.

(also known as: Short Call Ladder)
ABCProfitLossStock Price (at expiration)
  • Sell a call at strike A
  • Buy a call at strike B
  • Buy a call at strike C