Playbook: Spreads: the Bear Call

Bear Call The bear call (or ‘call credit spread’) is a vertical credit spread (you will receive a premium for it). It is a short call ‘protected’ on the upside …

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Playbook: Spreads: the Bull Put

Bull Put The bull put (or ‘put credit spread’) is a vertical credit spread (you will receive a premium for it). It is a short put ‘protected’ on the downside …

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Playbook: Basis: the Short Put

Short (Naked) Put The short put (or ‘naked put’) is the opposite of the short call and looks like the long call since it is also bullish. It is a …

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