{"id":217120,"date":"2026-08-24T15:04:52","date_gmt":"2026-08-24T09:34:52","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=217120"},"modified":"2026-08-24T15:04:54","modified_gmt":"2026-08-24T09:34:54","slug":"bull-call-spread-sensex","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/bull-call-spread-sensex\/","title":{"rendered":"Bull Call Spread Sensex: Setup, Payoff and Risk Guide"},"content":{"rendered":"
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Sensex level used in this article: Rs 77,538 (as of 20 Aug 2026). Next weekly (Thursday) and monthly (last Thursday of the month) expiry: 27 August 2026 (Thursday). Lot size 10. Sensex retained its weekly expiry slot on BSE under SEBI’s one weekly index per exchange rule; Bankex and Sensex 50 weekly contracts were discontinued instead, in November 2024. Both weekly and monthly Sensex contracts remain available.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

The bull call spread Sensex is a two leg options strategy that buys a lower strike call and sells a higher strike call on the same monthly expiry, creating a defined risk, defined reward trade that may profit from a moderate upside move. With Sensex at Rs 77,538, the bull call spread Sensex costs a net debit at entry, which is the maximum loss. The maximum profit is capped at the difference between the two strikes minus the net debit, multiplied by the lot size. Because Sensex only trades monthly contracts, the bull call spread Sensex typically targets a move that plays out over several weeks rather than a few days.<\/p>\n<\/div>\n

The this strategy is a popular alternative to buying an outright call because it reduces the net cost of the position. By selling a higher strike call, the bull call spread Sensex offsets part of the premium paid for the lower strike call, reducing the breakeven point and lowering the capital at risk. The trade off is that the profit is capped at the higher strike.<\/p>\n

Because Sensex discontinued weekly options in November 2024, every the position built today uses the monthly contract. This gives a moderately bullish view more time to play out compared with a Nifty 50 weekly bull call spread, but also means the position is exposed to a longer stretch of potential adverse news or sector specific developments.<\/p>\n

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