01 — SPY · BEAR CALL SPREADS

Best SPY bear call spreads setups.

Pick how long you want to wait and how much risk you'll take. We score every live strike across the next 3 expirations and surface the top setups — updated hourly.

Deep liquidity and broad macro sensitivity, useful for probability-based structures.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
SPDR S&P 500 ETF Trust
Index ETF
SPY
$755.72-0.9% / 30d
IV rank (1y)
33.7% · moderate
Option vol
1593K /day

02 — Live setups

Suggested strikes

Choose your time horizon and risk band. Every match is scored on return, premium, and probability of profit.

Days to expiration
Probability of profit
Sort by
Top pick · credit spread
$771/$781 call spread · Dec 4
34 DAYS · 2.0% OTM · 10 WIDE · SELL TO OPEN
Credit
$438
Return
77.94%
PoP
64%
SpreadExpirationCreditReturn ↓PoP
$767 / $777
1.5% OTM · 10 wide
Nov 30
30 days
$429
$4.29 / share
75.13%61%
$768 / $778
1.6% OTM · 10 wide
Dec 4
34 days
$421
$4.21 / share
72.71%61%
$768 / $778
1.6% OTM · 10 wide
Nov 30
30 days
$417
$4.17 / share
71.53%62%
$773 / $783
2.3% OTM · 10 wide
Dec 4
34 days
$417
$4.17 / share
71.53%67%
$769 / $779
1.8% OTM · 10 wide
Dec 4
34 days
$416
$4.16 / share
71.23%62%
$767 / $777
1.5% OTM · 10 wide
Nov 27
27 days
$407
$4.07 / share
68.63%61%
$772 / $782
2.1% OTM · 10 wide
Dec 4
34 days
$400
$4.00 / share
66.67%65%
$770 / $780
1.9% OTM · 10 wide
Dec 4
34 days
$396
$3.96 / share
65.56%63%
$766 / $776
1.4% OTM · 10 wide
Nov 27
27 days
$382
$3.82 / share
61.81%60%
10 of 36 matchesCustomize filters →

03 — Strategy

Bear Call Spreads, plainly explained

Moderately bearish or neutral traders seeking defined-risk credit income.

P&L at expiration · $771/$781 call spread · 34 DTE

$0+$438−$562$781 LONG$775.38 BE$771 SHORT

Key numbers

Premium collected+$438
Max profit+$438
Max loss−$562
Breakeven$775.38
Spread$771 / $781
Probability of profit64%
Days to expiration34

When this trade makes sense

Use when

    Avoid when

      Read the full bear call spreads guide →

      05 — RUN IT LIVE

      See the highest chance of profit on SPY.

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