A vertical spread combines two calls or two puts with the same expiration but different strike prices. I explain debit spreads, credit spreads, risk, profit limits, and assignment.
0DTE options are everywhere now, and they look easy. Here's why I treat them as a tiny slice of what I do, if I touch them at all. Educational only, not financial advice.
When markets feel frothy, I stay invested but get defensive with covered calls and cash-secured puts. Here is how I use them for income and a lower cost basis—and why they will not save you from a big drop.