Build a Bull Call Ladder Strategy

A bull call ladder is an extension to the bull call spread, as it now includes another short call. This increases the max profit potential, but introduces infinite risk. The name suggests that it is a bullish strategy, but it is actually neutral to slightly bullish since it has uncapped loss if a large upwards move is made.

Time is harmful when the stock is near the lower strike, but becomes most helpful near the upper strikes. Decreasing volatility is helpful and increases the chance of staying in the profitable range.