Options Basics

Futures Basics

Bullish Strategies

Bearish Strategies

Neutral Strategies

Synthetic Positions

Options Arbitrage

Vertical Debit Spread

The vertical debit spread refers to a vertical spread whereby a net debit is taken to enter the trade. A bullish vertical debit spread can be constructed using call options and is known as the bull call spread. A bearish vertical debit spread can be created using put options and is known as the bear put spread. 

Vertical Credit Spread

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