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.

Answer rating: 100% (QA)

To calculate the maximum gain possible for a bull call spread we need to consider the strike prices ... View the full answer