Vertical spread
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In options trading, a vertical spread is an options strategy involving buying and selling of multiple options of the same underlying security, same expiration date, but at different strike prices. They can be created with either all calls or all puts.
Bullish Vertical Spreads
Bull call spread and bull put spread are examples of bullish vertical spreads.
Bearish Vertical Spreads
Bear call spread and bear put spread are examples of bearish vertical spreads.
References
- TheOptionsGuide.com, Options trading strategies explained with examples