
Buy 1 OTM Call + Sell 1 ITM Call
imited Downside Profit
If Price of Underlying <= Strike Price of Short Call
Max Profit = Net Premium Received - Commissions Paid
Limited Upside Risk
If Price of Underlying >= Strike Price of Long Call
Max Loss = Strike Price of Long Call - Strike Price of Short Call - Net Premium Received + Commissions Paid
Breakeven Point
Breakeven Point = Strike Price of Short Call + Net Premium Received
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