Creating Directional and Hedging Strategies with Long Vertical Spreads

Long vertical spreads, also known as debit spreads, are sometimes used to reduce the cost of stock replacement and hedging strategies in exchange for a fixed potential gain. Learn more about how this strategy might be utilized by institutional investors that want to hedge some downside risk or execute a directional bias. This informative webcast can help you:

• Explain the potential risks and rewards of using long vertical spreads to implement a directional bias position.
• Formulate criteria for trade set up and management.
• Discuss using long put vertical spreads as a partial hedge for a position or a portfolio.

Continuing Education (CE) Credit: 1 CERTIFIED FINANCIAL PLANNER™ (CFP™) CE credit. 1 CIMA®, CPWA®, CIS^sm and RMA^sm CE credit.

Note: CE credits are not available when accessing the webcast through the replay link. You must attend the live webcast to be eligible for the CE credits.

Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options. Please read the options disclosure document titled "Characteristics and Risks of Standardized Options". Supporting documentation for any claims or statistical information is available upon request. Investing involves risks, including loss of principal. Hedging and protective strategies generally involve additional costs and do not assure a profit or guarantee against loss. Spread trading must be done in a margin account. Multiple leg options strategies will involve multiple commissions.