How to Choose Strikes, Width and Expiration for a Vertical Spread

Modules 1–2 are free. This module stays locked until you buy Options 201: Vertical Spreads for $39.

What this module covers

• Explain the trade-off between strike distance, credit or debit, and the model's probability estimates
• Describe how width changes max profit, max loss and buying power
• Judge liquidity using the bid-ask of each leg and of the spread as a whole