A Bear Call Spread is a strategy designed for investors with a moderately bearish outlook on the market, anticipating a decline in the price of the underlying asset. This strategy involves selling an "In-the-Money Call Option" (lower strike price) and buying an "Out-of-the-Money Call Option" (higher strike price). Both options must have the same underlying asset and expiration date.

The investor receives a net credit, as the premium received from selling the lower strike call is higher than the cost of purchasing the higher strike call. The purpose of this strategy is to limit the downside risk of selling a call option by purchasing a call option with a higher strike price as protection.