Bear Call Spread
...or Bear Spread (Call)
Position
Type
Strike
Expiration
Quantity
Short
Call
ATM (0)
Long term
1
Long
Call 
OTM (+1)
Long term 
1
         
         
Example:
Short 1 Oct 60 Call @ 5 1/8
Long 1 Oct 65 Call @ 3 1/8
Opinion: Bearish to very bearish
 
   
Description:
A Bear Call Spread is a type of Vertical Spread. It contains two Call options with different strikes. The highest strike option is the long Call. The short Call’s strike price is one of the strike prices below the long Call.