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.... ![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
as u is buying n shorting OTM calls, this combination a bit different![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
option startagies is limited to person's creativity![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
![Big Grin :DD :DD](https://www.traderji.com/community/styles/default/xenforo/smilies/xenforo-extended/biggrin.gif)
![Big Grin :DD :DD](https://www.traderji.com/community/styles/default/xenforo/smilies/xenforo-extended/biggrin.gif)
so all combination is nice as long as it make profit ![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
using friday prices, this is output.... very close strikes will give small profit n risk reward also not favourable![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
as u have shorted 16000CE, means u is expecting market to expire below 16000![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
here 16011 is breakeven point, at 16000 and below u get 11 points profit![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
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![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
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 ![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
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![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
![Big Grin :DD :DD](https://www.traderji.com/community/styles/default/xenforo/smilies/xenforo-extended/biggrin.gif)
![Big Grin :DD :DD](https://www.traderji.com/community/styles/default/xenforo/smilies/xenforo-extended/biggrin.gif)
i thinks u must not uses bear call spread
or u must uses bear call spread when market at 16000 ![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
all this just my suggestion, please trading only after testing proper![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
View attachment 47895
![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
as u is buying n shorting OTM calls, this combination a bit different
![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
option startagies is limited to person's creativity
![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
![Big Grin :DD :DD](https://www.traderji.com/community/styles/default/xenforo/smilies/xenforo-extended/biggrin.gif)
![Big Grin :DD :DD](https://www.traderji.com/community/styles/default/xenforo/smilies/xenforo-extended/biggrin.gif)
![Big Grin :DD :DD](https://www.traderji.com/community/styles/default/xenforo/smilies/xenforo-extended/biggrin.gif)
![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
using friday prices, this is output.... very close strikes will give small profit n risk reward also not favourable
![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
as u have shorted 16000CE, means u is expecting market to expire below 16000
![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
here 16011 is breakeven point, at 16000 and below u get 11 points profit
![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
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
![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
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
![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
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
![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
![Big Grin :DD :DD](https://www.traderji.com/community/styles/default/xenforo/smilies/xenforo-extended/biggrin.gif)
![Big Grin :DD :DD](https://www.traderji.com/community/styles/default/xenforo/smilies/xenforo-extended/biggrin.gif)
![Big Grin :DD :DD](https://www.traderji.com/community/styles/default/xenforo/smilies/xenforo-extended/biggrin.gif)
![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
all this just my suggestion, please trading only after testing proper
![Pompus :pompus: :pompus:](/community/styles/default/xenforo/smilies/xenforo-extended/pompus.png)
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.