On Tastyworks’ mobile platform, closing your credit spread position involves a few straightforward steps:
- Open the account you want to trade in.
- Click “Portfolio” and then select the security you want to trade.
- Tap the leg or legs you want to close, then hit “Close.”
- Enter your closing price.
- Review and hit “Send.”
Every online broker-dealer out there has a unique interface, so the process to close a put or call credit spread will differ between each one. However, the nitty-gritty remains the same. You sell the close or buy the close to exit a credit spread. This is a more advanced options trading strategy, but don’t let that deter you from learning more about stock options trading profitability.
View more information: https://marketrealist.com/p/how-to-close-a-credit-spread/