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2. Bull call spreads and bull put spreads are both credit spreads. T/F 3. The closer the options get to expiration, the more the deltas

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2. Bull call spreads and bull put spreads are both credit spreads. T/F 3. The closer the options get to expiration, the more the deltas tend to approach 0 and +/-1.00, but only ATM gamma increases as expiry approaches. T/F

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