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Bull spreads can be conservative or aggressive. A bull spread that is the most conservative one: Has both calls initially being out of the money.
Bull spreads can be conservative or aggressive. A bull spread that is the most conservative one: Has both calls initially being out of the money. Has one call with the higher strike price initially being in the money whereas the other call with the lower strike price is initially out of the money. Has one call with the higher strike price initially being out of the money whereas the other call with the lower strike price is initially in the money. Has both calls initially being in the money
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