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Use "spreaders" in a sentence
"Finally, debit call spreaders picked up approximately 1,700 calls at the March 2011 $24 strike for an average premium of $1.57 each, and sold about the same number of calls up at the March 2011 $28 strike at an average premium of $0.48 apiece."
"Maximum potential profits of $7.68 per contract are available to call spreaders should BIDU's shares surge 16.75% to exceed $120.00 by expiration day next month."
"Maximum potential profits of $4.80 per contract are available to call spreaders should shares jump 26.1% in the next several months to trade above $41.00 by expiration in January."