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When trading vertical spreads, when should you take profits or losses on your position?

In this video, I'll discuss general guidelines for using risk/reward to determine appropriate times to take a profit or loss when trading debit or credit spreads.

Since vertical spreads have limited profit potential, the decision to take profits is much easier than when you're trading "unlimited" profit potential options strategies such as long calls or long puts.

On the other hand, vertical spreads also have limited loss potential, which means there's a point in which taking losses doesn't make sense.

READ THE FULL GUIDE: https://www.projectoption.com/vertica... tastytrade, Inc. (“tastytrade”) has entered into a Marketing Agreement with Project Finance(Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’ brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade and/or any of its affiliated companies. Neither tastytrade nor any of its affiliated companies is responsible for the privacy practices of Marketing Agent or this website. tastytrade does not warrant the accuracy or content of the products or services offered by Marketing Agent or this website. Marketing Agent is independent and is not an affiliate of tastytrade.