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Hi. My question is since a spread is a one-time transaction, from the perspective of the brokerage, is the other leg of the spread nullified if one leg is completed?

For example, I buy a spread on intc for January 2014: I write a put for 18 dollars and buy a call for 20 dollars. During that time, intc falls to 18 or below and I must buy 100 shares (one contract). Does that mean that the call part of the spread is now dead, or does it continue independently toward the expiration date?

Also, what would you do? Make the spread for jan. 2014 or jan. 2015?

Thank you; I look forward to your response.
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