A
Bull Spread
Bull Spread
Image 1 An option strategy in which the maximum profit is attained if the underlying security rises in price. Either calls or puts can be used. The lower strike price is purchased and the higher strike price is sold. The options have the same expiration date.
Image 2 You make a lot of money if the stock rises. You lose it all if it doesn't.


Bear Spread

Butterfly Spread

Option