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
$769.36+0.9% / 30d
IV rank (1y)
22.1% · low
Option vol
6752K /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
$776/$786 call spread · Nov 27
29 DAYS · 0.5% OTM · 10 WIDE · SELL TO OPEN
Credit
$509
Return
103.67%
PoP
62%
SpreadExpirationCreditReturn ↓PoP
$777 / $787
0.6% OTM · 10 wide
Nov 30
32 days
$474
$4.74 / share
90.11%63%
$779 / $789
0.9% OTM · 10 wide
Dec 4
36 days
$472
$4.72 / share
89.39%63%
$780 / $790
1.0% OTM · 10 wide
Dec 4
36 days
$427
$4.27 / share
74.52%65%
$778 / $788
0.7% OTM · 10 wide
Nov 20
22 days
$411
$4.11 / share
69.78%67%
$776 / $786
0.5% OTM · 10 wide
Nov 20
22 days
$405
$4.05 / share
68.07%64%
$777 / $787
0.6% OTM · 10 wide
Dec 4
36 days
$401
$4.01 / share
66.94%61%
$777 / $787
0.6% OTM · 10 wide
Nov 27
29 days
$399
$3.99 / share
66.39%63%
$774 / $784
0.2% OTM · 10 wide
Nov 20
22 days
$384
$3.84 / share
62.34%61%
$776 / $786
0.5% OTM · 10 wide
Nov 30
32 days
$383
$3.83 / share
62.07%61%
10 of 42 matchesCustomize filters →

03 — Strategy

Bear Call Spreads, plainly explained

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

P&L at expiration · $776/$786 call spread · 29 DTE

$0+$509−$491$786 LONG$781.09 BE$776 SHORT

Key numbers

Premium collected+$509
Max profit+$509
Max loss−$491
Breakeven$781.09
Spread$776 / $786
Probability of profit62%
Days to expiration29

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.

      Option Agent scans live chains and recommends setups based on current market conditions.

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      Option Agent is not a registered investment advisor, broker-dealer, or financial planner. All analysis, recommendations, and data are for informational and educational purposes only and do not constitute personalized investment advice. Options trading involves substantial risk of loss and is not suitable for all investors. Past probability calculations do not guarantee future results. Consult a qualified financial advisor before making investment decisions.