01 — XLF · BEAR CALL SPREADS

Best XLF 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.

Sector ETF heavy in money-center banks with options flow concentrated around bank earnings and rate decisions.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
Financial Select Sector SPDR
Sector ETF
XLF
$56.51+5.8% / 30d
IV rank (1y)
31.2% · moderate
Option vol
7K /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
$57.5/$60 call spread · Nov 27
27 DAYS · 1.8% OTM · 3 WIDE · SELL TO OPEN
Credit
$66
Return
35.87%
PoP
62%
SpreadExpirationCreditReturn ↓PoP
$57.5 / $60
1.8% OTM · 3 wide
Dec 4
34 days
$59
$0.59 / share
30.89%61%
$58 / $60
2.6% OTM · 2 wide
Nov 27
27 days
$39
$0.39 / share
24.22%70%
$58 / $60.5
2.6% OTM · 3 wide
Dec 4
34 days
$48
$0.48 / share
23.76%64%
$58.5 / $61
3.5% OTM · 3 wide
Dec 4
34 days
$38
$0.38 / share
17.92%73%
$58.5 / $61
3.5% OTM · 3 wide
Nov 27
27 days
$33
$0.33 / share
15.21%75%
6 of 6 matchesCustomize filters →

03 — Strategy

Bear Call Spreads, plainly explained

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

P&L at expiration · $57.5/$60 call spread · 27 DTE

$0+$66−$184$60 LONG$58.16 BE$58 SHORT

Key numbers

Premium collected+$66
Max profit+$66
Max loss−$184
Breakeven$58.16
Spread$57.5 / $60
Probability of profit62%
Days to expiration27

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 XLF.

      Alpha Hawk scans live chains and recommends setups based on current market conditions.

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