01 — VXX · BEAR CALL SPREADS

Best VXX 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.

Short-dated VIX futures tracker with structural decay and event-driven spike potential.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
iPath Series B S&P 500 VIX Short-Term Futures ETN
Volatility ETN
VXX
$17.41-1.1% / 30d
IV rank (1y)
27.8% · low
Option vol
18K /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
$20.5/$21.5 call spread · Dec 4
36 DAYS · 15.2% OTM · 1 WIDE · SELL TO OPEN
Credit
$102
Return
10200%
PoP
64%
SpreadExpirationCreditReturn ↓PoP
$19.5 / $20.5
9.6% OTM · 1 wide
Nov 27
29 days
$40
$0.40 / share
66.67%63%
$21 / $22
18.0% OTM · 1 wide
Dec 4
36 days
$39
$0.39 / share
63.93%68%
$19.5 / $20.5
9.6% OTM · 1 wide
Nov 20
22 days
$29
$0.29 / share
40.85%63%
$19.5 / $20.5
9.6% OTM · 1 wide
Dec 4
36 days
$29
$0.29 / share
40.85%60%
$19 / $20
6.8% OTM · 1 wide
Nov 20
22 days
$16
$0.16 / share
19.05%60%
$20 / $21
12.4% OTM · 1 wide
Nov 20
22 days
$15
$0.15 / share
17.65%67%
$20.5 / $21.5
15.2% OTM · 1 wide
Nov 27
29 days
$15
$0.15 / share
17.65%70%
$20.5 / $21.5
15.2% OTM · 1 wide
Nov 20
22 days
$14
$0.14 / share
16.28%72%
$20 / $21
12.4% OTM · 1 wide
Nov 27
29 days
$10
$0.10 / share
11.11%65%
10 of 14 matchesCustomize filters →

03 — Strategy

Bear Call Spreads, plainly explained

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

P&L at expiration · $20.5/$21.5 call spread · 36 DTE

$0+$102−$-2$22 LONG$21.52 BE$21 SHORT

Key numbers

Premium collected+$102
Max profit+$102
Breakeven$21.52
Spread$20.5 / $21.5
Probability of profit64%
Days to expiration36

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 VXX.

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

      Analyze VXX free →

      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.