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8.0- Chapter 8: Time Spreads

The strategies that have been discussed so far have signified either a bullish or bearish bias on the underlying stock. This chapter will introduce new strategies that allow investors to to take a neutral stance on an underlying stocks.

Sometimes investors believe that a stock is going to trade range bound. Strategic positions can be established to profit from these types of moves, or lack thereof. The types of strategies introduced in this chapter gain value from the passage of time. They are said to be theta positive.