Hello everyone,
I am new to options trading..
Can someone tell me how to set up a breakeven stop on a credit spread position.
The idea is that the credit places the position immediately in the positive and I would like to place a stop on the spread at that level. I would be only risking the credit on the position. Giving it back if the stop is hit.
I hope this makes sense.
Thanks everyone.
I am new to options trading..
Can someone tell me how to set up a breakeven stop on a credit spread position.
The idea is that the credit places the position immediately in the positive and I would like to place a stop on the spread at that level. I would be only risking the credit on the position. Giving it back if the stop is hit.
I hope this makes sense.
Thanks everyone.