Bullish Pair Call Spread Enabled
What it does
Enables bullish pair call spreads as a structure for premium engines (mechanical, contraction). A bullish pair call spread is a defined-risk call credit spread positioned on the upper side, collecting premium with the expectation the underlying stays below the short strike. Used as part of the iron condor's call side or as a standalone spread when only the call side has rich premium.
When to change it
Leave ON. Turn OFF only if you want to restrict the engines to pure iron condors and put-side structures only.
Safe range
ON or OFF.
Example
Market has a bearish lean. Contraction engine enters a bullish pair call spread on the top side only, collecting the elevated call premium without taking a position on the put side.