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<p id="isPasted">You should start with something simple. Vertical spreads are puts or call option that you use strike price on different intervals. Each spread has two legs, where one leg is buying an option, and the other leg is writing an option.</p><p>Vertical spreads allow to trade directionally while clearly defining maximum profit and maximum loss on entry (known as defined risk).You can always sell and buy new option, keep in mind if the market is going against the option exercised value the cheaper it is</p>