Suppose you buy one SPX call option with a strike of 1400 and write one SPX call

Question:

Suppose you buy one SPX call option with a strike of 1400 and write one SPX call option with a strike of 1450. What are the payoffs at to this position for S&P 500 Index levels of 1350, 1400, 1450, 1500, and 1550?

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...