The option spreads are divided into two categories debit spreads and credit spreads. These refer to the cash positions that can result from this transaction, positive (credit) or negative (debit) cash flow.
A debit spread is when the trade is set up for a cost and you have to pay a certain premium. If you are paying more for the bought option than receiving for the sold option it is a negative cash flow position. The strategies that are debit spreads are Bull Call Spread and Bear Put Spread.
A credit spread is when you initially receive a premium. If you are receiving more for the sold option than paying for the bought option it is a positive cash flow position. The strategies that are credit spreads are Bull Put Spread and Bear Call Spread.
A bull spread is profitable when the share price increases while a bear spread is profitable when the share price decreases.
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