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3. This spread creates an immediate but set profit with exposure equal to the amount of spread minus premium: a. Bull diagonal spread b. Bear
3. This spread creates an immediate but set profit with exposure equal to the amount of spread minus premium: a. Bull diagonal spread b. Bear put spread c. Bull put spread d. Short straddle e. None of these. 4. This spread exploits the differential in theta between two options: a. Lon straddle b. Short butterfly c. Calendar spread d. Iron Condor e. Call diagonal spread
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