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An investor sells a June 2 0 1 8 call of Apple stock with a strike price of USD 4 5 at a premium of

An investor sells a June 2018 call of Apple stock with a strike price of USD 45 at a premium of USD 3 and buys a June 2018 call of Apple stock with a strike price of USD 40 at a premium of USD 5. What is the name of his strategy and the maximum profit and loss the investor could incur
Question 7Select one:
a.
Bear spread, maximum loss USD2, maximum profit unlimited
b.
Bear spread, maximum loss USD2, maximum profit USD 3
c.
Bull spread, maximum loss unlimited, maximum profit USD 3
d.
Bull spread, maximum loss USD2, maximum profit USD 3

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