Option Millionaires

[leemalone2k3]

Very nice. Keep practicing. You can also leg into the trade by buying the long side first and waiting to sell the short side later.

Verticals are awesome, you can be wrong and still break even or a stock can stay flat and you still make money. Also the underlying instrument doesnt have to move as hard as if you just buy a call or a put. And if it does go your way you can get a 1:1 risk reward in many cases. The best part is that you can look for overvalued option prices and sell them for time decay and volatility crush.