From Investopedia: In a bull call spread strategy, an investor simultaneously buys calls at a specific strike
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Question:
You have purchased 50 call options on IBM at a strike price of 150, while also selling 50 call options on IBM at a strike price of 170 (same maturity date).
On maturity date the price of IBM is $161.0. What is your net payoff on maturity date?
Related Book For
Fundamentals of Investments Valuation and Management
ISBN: 978-0077283292
5th edition
Authors: Bradford D. Jordan, Thomas W. Miller
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