Last updated on October 16th, 2020
In a series of recent blog posts we talked about how we like to use credit spreads with our options trading at NetPicks. We talked about selling call credit spreads, put credit spreads, and iron condors.
These trade types gives us tremendous flexibility in many types of market conditions which is crucial in today’s news driven markets.
While we believe all options traders should have vertical spreads as part of their options toolbox, many traders shy away from using them solely due to not understanding how to place the orders in their broker platform.
Since we are trading multiple options as part of these trades, it can be intimidating when using these trade types for the first time.
To address these concerns we have put together a video that shows you how to place and manage credit spread orders inside of the Thinkorswim platform. We are using this platform since it is one of the most popular platforms in the industry with options traders.
We will follow this up over the next few days with a video that covers how to place these orders in the TastyWorks platform as well. You can certainly use these order types in any broker platform, we choose to cover Thinkorswim and TastyWorks since they are the two most popular brokers for options traders.
Take a look at the video below and let us know if you have any questions. Mike@netpicks.com.