1. How do we set up a Bull spread?  A) Buying a call of a certain underlying asset and selling a call of the same underlying asset, where the strike of the call that we buy is less than the strike of the call that we sell and both positions have the same expiration date. B) Buying a call of a certain underlying asset and selling a call of the same underlying asset, where the strike of the call that we buy is equal to the strike of the call that we sell and both positions have different expiration dates. C) Buying a put of a certain underlying asset and selling a call of the same underlying asset, where the strike of the put that we buy is less than the strike of the call that we sell and both positions have the same expiration date. 2. What type of profile does a Bull spread have?  A) It is a neutral strategy B) It is a bullish strategy C) You can not say 3. What type of profile does a bear spread have? A It is a neutral strategy B) It is a bullish strategy C) You can not say D) It is a bearish strategy 4. What does Delta measure?  A) The change in the option price over time B) The change in the price of the option due to a change in the price of the underlying asset C) The change in the price of the option, given a change in the ambient temperature.