A bull call spread is created with two call options that differ in their strike prices by
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Question:
A bull call spread is created with two call options that differ in their strike prices by $51. The price of the lower strike price option exceeds that of the higher strike price option by $23.19. The position is set up with 100 call options bought and 100 call options written. What is the maximum gain possible? Please provide your answer to the nearest dollar.
Related Book For
Introduction To Stochastic Finance With Market Examples
ISBN: 9781032288277
2nd Edition
Authors: Nicolas Privault
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