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  2. Credit spread (options) - Wikipedia

    en.wikipedia.org/wiki/Credit_spread_(options)

    Credit spreads are negative vega since, if the price of the underlying doesn't change, the trader will tend to make money as volatility goes down. Credit spreads are also positive theta in that, broadly speaking if the price of the underlying doesn't move past the short strike , the trader will tend to make money just by the passage of time.

  3. Stock option return - Wikipedia

    en.wikipedia.org/wiki/Stock_option_return

    The Bull Put Credit Spread (see bull spread) is a bullish strategy and consists of selling a put option and purchasing a put option for the same stock or index at differing strike prices for the same expiration. The purchased put option is entered at a strike price lower than the strike price of the sold put option.

  4. Options strategy - Wikipedia

    en.wikipedia.org/wiki/Options_strategy

    Many options strategies are built around spreads and combinations of spreads. For example, a bull put spread is basically a bull spread that is also a credit spread while the iron butterfly can be broken down into a combination of a bull put spread and a bear call spread.

  5. Spread option - Wikipedia

    en.wikipedia.org/wiki/Spread_option

    In finance, a spread option is a type of option where the payoff is based on the difference in price between two underlying assets. For example, the two assets could be crude oil and heating oil; trading such an option might be of interest to oil refineries, whose profits are a function of the difference between these two prices.

  6. Put option - Wikipedia

    en.wikipedia.org/wiki/Put_option

    In finance, a put or put option is a derivative instrument in financial markets that gives the holder (i.e. the purchaser of the put option) the right to sell an asset (the underlying), at a specified price (the strike), by (or on) a specified date (the expiry or maturity) to the writer (i.e. seller) of the put.

  7. Spread trade - Wikipedia

    en.wikipedia.org/wiki/Spread_trade

    In finance, a spread trade (also known as a relative value trade) is the simultaneous purchase of one security and sale of a related security, called legs, as a unit.Spread trades are usually executed with options or futures contracts as the legs, but other securities are sometimes used.

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