Options Playbook Radio 30: Long Spreads

For those of you with a copy of the Playbook, we’re on page 60. If you are following along on OptionsPlaybook.com, look for the Long Call/Put section.

Today, Brian discusses:

• What does it mean to have a “long” spread?
• Bull call spread, bear put spread.
• Vertical spreads
• What does it all mean?
• Crafting a P/L graph without owning the stock
• Risks and rewards are limited and known
• Common misunderstandings