Expectation : Moderately Bullish

Profit When : Up & Stagnant

Risk : Unlimited

Reward : Limited

Breakeven Pt : Strike Price of Short Call Options + [Maximum Profit / (number of short call options - number of long call options)]

Max Profit : (Total Credit From Short Call Options + [(Difference in strikes - Price of Long Call)

OppiE's Note : Options traders usually sell enough OTM calls to totally cover the premium on the ATM calls or even to result in a net credit, making it a credit spread.