A reverse covered call involves shorting the underlying asset and buying a call on the underlying asset.

True

False

Which of the following statements is accurate in regards to bull spreads created with call options?

		They do not require an initial cash outflow to create.
		The highest possible return earned by a bull spread occurs when both call options are in the money when the spread is created.
		The value of the call option sold in the spread will always be lower than the value of the call option purchased in the spread.
		None of the above.

Butterfly spreads always involve three different option series.

True

False

Bull spreads (with either calls or puts) are strategies used when the underlying asset is expected to appreciate over time.

True

False