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You set up a Bear Spread on 100 shares of Exxon Mobil using one $109 call @ $20.01 and one $122 call @ $13.64. At
You set up a Bear Spread on 100 shares of Exxon Mobil using one $109 call @ $20.01 and one $122 call @ $13.64. At expiration Exxon Mobil is trading at $109.74
To set up the spread you go long one $ call _____________
and short one $ call. To break even on this spread the underlying stock must go to $ ______________
You hold the spread to expiry so your profit (loss) is $_______________
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