Welcome to the world of Options!  This is a very scary world with many twist and turns to help you lose your way.  Options are wonderful tools once you harness the knowledge.  Unfortunately they can be deadly when used without caution.  Don’t just rush out there and put your portfolio at risk; take the
11/29/11 - Trade Review on SPY 125/120 Bear Put Vertical Spread New trade review posted that one of our fellow traders did on the SPY. Check it out to see why he used a vertical spread, when he took his profit, and what his further action should be. SPY 125/120 Vertical Spread 11/19/11 - Reworked