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CVNA (Carvena) closed at $26.2 on Sep. 23rd,2022. The option information is given as follow: 5. If I were to construct a bull spread using

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CVNA (Carvena) closed at $26.2 on Sep. 23rd,2022. The option information is given as follow: 5. If I were to construct a bull spread using the puts, then which one should I buy, and which one should I short? Is it a credit position or a debit position? Draw the profit graph for the bull spread. At what price range do I receive the max profit and at what price range do I receive the max loss? 6. If I were to construct a bull spread using the calls, draw the profit graph. Suppose CVNA closes at $29 next Friday, what is my return? 7. This question is slightly harder, but it still builds on the stuff we covered. The difference is that that are more legs (a spread has two legs, one long leg one short leg) in the positions

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