You create a bull spread using calls by buying a call and simultaneously selling a call on

Question:

You create a bull spread using calls by buying a call and simultaneously selling a call on the same stock with the same expiration at a higher strike price. A call option with a strike price of $20 sells for $4.55 and a call with a strike price of $25 sells for $1.24. Draw a graph showing the payoff and profit for a bull spread using these options.

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.