The payoff at expiration of a reverse extreme spread call (put) option equals the positive part of the difference between the minimum (maximum) of the.

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The joint cross section of stocks and options. Autores: Byeong-Je An, Andrew Ang, Turan G. Bali, Nusret Cakici; Localización: The Journal of finance, ISSN 0022-1082.

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Two types of options are traded. One kind, a call option, lets you speculate on prices of the underlying asset rising, and the other, a put option, lets.

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