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AutoPilot - TradingReady Made Options Strategies - Call Spread
Bull Call Spread is employed when the Option Trader thinks that the price of the underlying security will go up in Near Term.
In this Strategy:
Buy 1 ITM (In the Money) Call
Sell 1 OTM (Out of the Money) Call
Buying a lower striking in-the-money call option and selling a higher striking out-of-the-money call option of the same underlying security with the same expiration date.