A diagonal spread is created by buying a call with strike price K2 and exercise date T2

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A diagonal spread is created by buying a call with strike price K2 and exercise date T2 and selling a call with strike price K1 and exercise date T1(T2 > T1). Draw a diagram showing the value of the spread at time T1 when (a) K2 > K1and (b) K2 < K1.
Strike Price
In finance, the strike price of an option is the fixed price at which the owner of the option can buy, or sell, the underlying security or commodity.
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