Call Time Spread
...or OTM Call Time Spread
Position
Type
Strike
Expiration
Quantity
Short
Call
OTM (+1)
Near term
1
Long
Call 
OTM (+1)
Long term 
1
         
         
Example:
Short 1 Aug 65 Call @ 1 1/2
Long 1 Oct 65 Call @ 3 1/8
Opinion: Bullish to very bullish
 
   
Description:
A Time Spread contains two options with the same strike price but different expiration months. In this example, OTM calls are used because of the investor’s bullish bias. The ITM 65 Puts could also be used.