WebMar 16, 2010 · A simple ratio calendar call spread strategy here would involve selling two of the March $90 calls to help finance the purchase of one April $90 call, or 20 x 10, etc. The March $90 calls can be sold at around $0.60 a piece, while the April $90 calls can be bought at $1.45, the spread requiring a net $0.25 debit.

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