Stocks are bullish, making it a good time to use Barchart’s Bull Call Spread Screener. This options strategy involves buying a call option and selling a further out-of-the-money call option on the same stock with the same expiration. It aims to profit from a stock’s upward movement while capping potential gains and losses.

Barchart’s Bull Call Spread Screener for January 28th highlights trades on stocks like XOM, AMZN, GM, PFE, MU, and KO. By filtering for stocks with a Buy rating and Market Cap above 40 billion, traders can find potential opportunities like a bull call spread on Exxon Mobil.

In the Exxon Mobil example, a bull call spread involves buying the $125 strike call and selling the $130 strike call for a cost of $3.95 per contract. The trade has a maximum potential gain of $105, a return potential of 26.58%, and a probability of profit of 70.2%. The breakeven point is $128.95.

Apple and Amazon also present bull call spread opportunities with similar strategies and potential gains. Traders should consider risk management strategies like setting stop losses and monitoring support levels to mitigate potential losses. Options trading carries risks, and investors should conduct thorough research and consult a financial advisor before making any investment decisions.

Read more at Barchart: Bull Call Spread Screener Results For January 28th