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SPOT180928C00155000 Strike =155.00 Bid=19.00 Ask = 22.20 SPOT180928C00160000 Strike =160.00 Bid = 14.90 Ask = 16.20 Use the options prices for Spotify to create a

SPOT180928C00155000 Strike =155.00 Bid=19.00

Ask = 22.20

SPOT180928C00160000 Strike =160.00 Bid = 14.90 Ask = 16.20

Use the options prices for Spotify to create a bull spread using call options with 155 and 160 strike prices. Be sure to use the appropriate bid and ask prices.

What will be your cash flow per share when you set up the position? Show all cash flows: inflows, outflows, and net flow.

Inflow ___________

Net Flow ___________

The maximum profit on the call bull spread is ___________

The minimum profit on the call bull spread is ___________

The breakeven point on the call bull spread is ____________

What will be your profit per share on the net position if at expiration the price of the stock is $157.3?

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