A trader creates a bull call spread by buying an option for $12.00 at the $100 strike price and selling an option at $5.00 at the $120 strike price.   What is the net payoff per share (enter 4.00, not 400, for one spread - the gross payoff of the spread minus the cost of the spread) when the stock price in six months is $99?

Answer rating: 100% (QA)

To find the net payoff per share for the bull call spread when the sto... View the full answer