Buy Nov call at X=80 paying a premium of Rs 5

Write Dec call at X= 100 earning a premium of Rs 10

Price < 80 < 80 Price <100 >100

Nov Dec Nov Dec Nov Dec
Dec Call 0 0 0 0 #NAME? #NAME?
Nov call 0 0 S-80 0 S-80 0
Intial Inco 5 5 5 5 5 5
Max Profit 5 5 25 5 25 #NAME?

Assumption : Investor believes that the price of the stock will exceed Rs 80 by Nov but remain belo
y Nov but remain below Rs 100 till Dec