Chapter 06 · Section 6.1

Bull Spread

To put on a bull spread you:

• a) sell the higher strike put and buy the lower strike put.
  Yes. The bull spread can be created by buying the lower strike and selling the higher strike of either calls or put. The difference between the premiums paid and received makes up one leg of the spread. Continue
  b) buy the higher strike put and sell the lower strike put.