Options Basics

Futures Basics

Bullish Strategies

Bearish Strategies

Neutral Strategies

Synthetic Positions

Options Arbitrage

Vertical Credit Spread

The vertical credit spread is a vertical spread whereby a net credit is received when entering the position. A bullish vertical credit spread can be constructed using put options and is known as the bull put spread. A bearish vertical credit spread can be created using call options and is known as the bear call spread. 

Vertical Debit Spread

Vertical spreads can also be entered on a debit. See vertical debit spread.