Put Options Lesson 10B: How To Make Money Both Ways With a Credit Put Spread (GLD): Part B

This is Part B of a 2-part lesson on a credit put spread that was done on 11/26/2014.

Lilia demonstrates how she made money on both the long put and the short put by “breaking apart” a credit put spread.

Here’s the trade (GLD):

-1 Dec 2014 $113 put

+1 Dec 2014 $111 put

Initial credit: $0.51 or $51

By “breaking apart” the spread, Lilia made $245.86, which is almost 5 times more than if she had kept the vertical spread intact.

Lilia provides 1-on-1 options training upon request (NOT free).

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