Debit Leaps Spread

These debit spreads are a way of buying expensive options that are good value at lower prices.E.g on April 2, 2001 , entered a Cisco spread where bought the Cisco Jan 03 17.5 call at 4 1/2 and sold the Cisco Jan 03 45 call at 1 for a spread price of 3.5 when Cisco was 13.1. 700% return if Cisco was above 45.

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