A call strip which involves long positions. The long call strip can be constructed with a number of contracts (call contracts), i.e., the long calls, ranging from three to eight contracts at most, while the strike prices of respective contracts must be progressive: S1< S2 < S3 < S4, …, and all with the same expiration date. A long call strip gives the holder an increased exposure to positive movements in the underlying price.

The maximum profit from this option position is unlimited (as long as the underlying price is moving upward), while the loss is limited to the total amount of premiums paid.

The breakeven point is defined at a level equal to the strike price of the first contract (S1) plus the total premiums.