Market estimate you opt for one call option

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Due to the bullish trend of the market in underlying stock of option which is trading at $75. Based on the market estimate you opt for one call option with strike price of $70 and selling at $7.5, and one short call option with a strike price of $80 and selling at $3. The expiration on both cases is 6 months.

What strategy you have adopted under this scenario explain?

Reference no: EM132516504

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