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  How to create a bull spread ?
  A.Buy a put with a strike price of X= 55, and sell a put with a strike price of 50.
  B.Buy  a put with a strike price of X = 50, and sell a put with a strike price of 55.
  C.Buy a call with a premium of 5, and sell a call with a premium of 7
  D.Buy a call with a strike price of X = 50, and sell a put with a strike price of 55.
  Answer: B
  A bull spread involves buying a put with a low strike price and selling another put with a high strike price or buying a call with a low strike price and selling another call with a high strike price.