Options Bootcamp 5: Spread Trading

Options Bootcamp 5: Spread Trading Basic Training: Today we're going to dive into spreads. Spreads are really the defining characteristics of options. What is a spread? Why would you do a spread vs. trading an option outright? Max value of a spread is the differential between the two strike prices. Long call spread, aka vertical, examples with everyone's favorite stock XYZ. Spreads have components called legs - they are the individual parts of the spread. Roll Call: Mark and Dan sit down with Christopher Newman, the Zecco Trading Vice President of Customer Service, and run him through a few questions: A big part of the brokerage experience is support. What are some of the things Zecco does to ensure the customer has a great experience when they need support? If I'm a Zecco customer, or a potential Zecco customer, how can I reach out to get support?What methods of communication does Zecco offer? If I'm an options trader, will Zecco go the extra mile for me on the phone? Explain what options traders can expect in terms of phone support. Mail Call: Twitter question from DSCHWARTZ- You said buying options before earning was bad. What about spreads (verticals, etc)? Email from Stephen Maxes, Des Moines, IA- I'm interested in trading options spread. Do I need a special options account to do this or does the regular option account work for spreads as well? Thanks and please keep doing the show. It has been very helpful for me.