A bull spread is a combination of a long call with a low exercise price and a short call with a high exercise price.

Name: A bull spread is a combination of a long call with a low exercise price and a short call with a high exercise price.
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A bull spread involves buying a call option with a lower exercise price and selling a call option with a higher exercise price, with the goal of profiting from a rise in the underlying asset's price.

A Bull Spread Is a Combination of a Long Call