Within the options chain, locate the specific put option you want to use as the long leg of your put debit spread. The long leg is the put option you're buying.

Discover how vertical spreads work in options trading. Learn about different types like bull and bear spreads, and understand their profit and loss potential.

If you're looking to start trading options but don't know where to start, in this article we discuss fundamental definitions, different strategies and provide you with actionable advice.

Different Debit Spread Options Strategies for Different Trading Objectives There is a range of different debit spread strategies that one can use when trading options.

Butterfly spread is a market-neutral options trading strategy that limits risk, but also upside. Learn more about this strategy.

Trading options can be a complicated process as a lot of options strategies are available and traders need to evaluate all of the possible routes ahead of executing a trade. As such, Schaeffer's ...

Butterfly spreads use four option contracts with the same expiration but three different strike prices spread evenly apart using a 1:2:1 ratio. Butterfly spreads have caps on both potential ...

Learn about the differences between spread bets and options, and decide which derivative product is best suited to your trading strategy.