Series 7 - General Securities Representative Exam
Which of the following is an example of buying a vertical call spread?
Buy 30 call, sell 40 callA
Sell 40 call, buy 50 callB
Sell 40 put, buy 50 callC
Buy 50 call, sell 50 putD
buying a call spread (vertical call spread / call debit spread) is buying a call and selling a higher strike price call