Advanced Options Strategies: Rapid Fire

What this video covers

• How to classify any spread as debit or credit based on net cash flow, and why debit spreads want movement while credit spreads want stillness
• The CAL and PUSH breakeven mnemonics: call add lower strike, put subtract higher strike, for any vertical spread
• Why max gain plus max loss always equals spread width, and how to use this to audit your math on test day
• The critical difference between spreads and straddles: same-class capping versus call-plus-put volatility bets
• Why uncovered (naked) call writing carries unlimited loss, while uncovered put loss is capped at strike minus premium
• How ratio call writes create unlimited upside risk, and why only the first call is covered
• Why yield-based calls profit when interest rates rise (not bond calls), and the standard $100 multiplier for index and yield-based options