Debit Spread

This is basically any spread where the premium paid from buying part of the spread is greater than the premium received for the other part of the spread.

For example if you bought the GOOGL 95.00 Calls for 8.00 and sold the 100.00 Calls for 5.50 the debit would be 2.50

See also: Credit Spread, Box Spread, Butterfly Spread

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