Series 7 - General Securities Representative Exam
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An options trader is trading the Silver ETF, SLV. He just bought a 19 Call and sold a 19.25 call. Which one of the following trades did he just execute?
Wrote Credit Spread
A
Long Debit Spread
B
Short Straddle
C
Long Strangle
D
Explanations
This is a long debit spread (bought vertical call spread)