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Re: maybe_this_time post# 122385

Thursday, 10/23/2014 8:12:57 PM

Thursday, October 23, 2014 8:12:57 PM

Post# of 126111
a vertical spread is long near the money and selling otm.

so that position is the spread between buying a 77.5 call and selling the 79. it reduces exposure to premium and volatility.

http://www.cboe.com/LearnCenter/cboeeducation/Course_03_02/mod_02_01.aspx

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