If you were to purchase an October option with an exercise price of 50 for $8 and simultaneously sell an October option with an exercise price of 60 for $2, you would be

bullish and conservative

Explanation:

If you were to purchase an October option with an exercise price of 50 for $8 and simultaneously sell an October option with an exercise price of 60 for $2, you would be bullish and conservative.

It should be noted that the exercise price is simply referred to as the price per share that a traded option owner is entitled to either purchase or sell an underlying security. Since the owner of the option decided simultaneously sell an October option with an exercise price of 60 for $2, he or she is bullish and conservative.

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