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Thanks JJackET4 for clarifying my question -- what I have in mind is about the debit spread trade ( be it bull call spread or bear put spread ). Yes, for net credit spread trade the aim is to have both legs expire worthless and thank you all for giving me some ideas about trade adjustments and...

Mark, thanks for the advice. I know and appreciate the fact that option spread is less risk and therefore less reward than pure option call or put plays. In the past I have a couple of bad spread trades because I ddin't close them at appropriate time. I suppose its because psychologically I...

I have been trading simple call and put options for a few years and for the past year I ventured into bull and bear spreads. At present I have a bull call spread showing some profit. The call option leg I bought has some nice gain, however the call option leg that I sold ( at higher strike...