THANK YOU to all the respondents. VERY useful.
I did indeed mean what trefoil has put below. Forgive me for not being clearer.
Very succinct and understandable answers, thank you.
P
Just beginning with options so if this is too basic for this forum, please bear with me. (I have been trading stocks for 20 years or so, but am about 6 months new to options.)
A 2 part question both to do with basic bull/ bear spreads:
(1) What's the (dis)/advantage to a debit spread when...