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A stock price is $29. A trader buys one call option contract on the stock with a strike price of $30 and sells a call

A stock price is $29. A trader buys one call option contract on the stock with a strike price of $30 and sells a call option contract on the stock with a strike price of $32.50. The market prices of the options are $2.75 and $1.50, respectively. The options have the same maturity date. Describe the traders position. (Using excel)

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