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Strategies & Market Trends : Calls and Puts for Income -- Ignore unavailable to you. Want to Upgrade?


To: kaka who wrote (1001)7/22/2007 10:23:46 PM
From: Elmer Phud  Read Replies (1) | Respond to of 5891
 
When you buy the lower strike and sell the higher strike in the same month, you are buying a vertical spread.

Hi Kaka -

Yes the spread part I can see but the vertical part I was missing. Would I be correct to assume that if the long Call was out in time and the short call was closer it would be a vertical calendar spread?

Thanks