Very nice question 
i has very limited knowledge of option, but i tries to answer for bear call spread, as person is expecting market to fall or remain sideways, they usually short the ATM or ITM call n buy the OTM call....
as u is buying n shorting OTM calls, this combination a bit different
option startagies is limited to person's creativity
so all combination is nice as long as it make profit
using friday prices, this is output.... very close strikes will give small profit n risk reward also not favourable
as u have shorted 16000CE, means u is expecting market to expire below 16000
here 16011 is breakeven point, at 16000 and below u get 11 points profit
View attachment 47892
using 15700 and 16050 is what most people do for bear call spread, now R:R also less risky than earlier, here 15827 is breakeven point, as long as expiry below it, there is profit
View attachment 47893
as u want to use very close strike price, as spot is at 15700, using 15700 and 15750 give favourable R:R but now breakeven is 15727
View attachment 47894
if someone asks me what i dids in this scenario, i is simply opens bull call spread, as i expects market to fly till 16000 n once it reach 16000, i close positions or opens new positions and locks in porfits i thinks u must not uses bear call spread or u must uses bear call spread when market at 16000
all this just my suggestion, please trading only after testing proper
View attachment 47895
i has very limited knowledge of option, but i tries to answer for bear call spread, as person is expecting market to fall or remain sideways, they usually short the ATM or ITM call n buy the OTM call.... as u is buying n shorting OTM calls, this combination a bit different
option startagies is limited to person's creativity
so all combination is nice as long as it make profit using friday prices, this is output.... very close strikes will give small profit n risk reward also not favourable
as u have shorted 16000CE, means u is expecting market to expire below 16000
here 16011 is breakeven point, at 16000 and below u get 11 points profit
View attachment 47892
using 15700 and 16050 is what most people do for bear call spread, now R:R also less risky than earlier, here 15827 is breakeven point, as long as expiry below it, there is profit
View attachment 47893
as u want to use very close strike price, as spot is at 15700, using 15700 and 15750 give favourable R:R
but now breakeven is 15727 View attachment 47894
if someone asks me what i dids in this scenario, i is simply opens bull call spread, as i expects market to fly till 16000 n once it reach 16000, i close positions or opens new positions and locks in porfits
i thinks u must not uses bear call spread or u must uses bear call spread when market at 16000 all this just my suggestion, please trading only after testing proper
View attachment 47895
all perfect...just it seems you overlooked a point in this query ..
"say CMP 16000
Bearish outlook
Sell 16000 CE
Buy 16050 CE
Please share your views. "
so the above query is not on an otm spread..it is on atm strikes spread and the result should be your view on 15700-750 strike.
