ARTICLE SYNOPSIS...Hedging With Spreads by Bradley J. Horn A risk manager may prefer the flexibility and limited risk of a call or put strategy. The trader, however, may feel that the premium costs associated with outright option positions are too expensive. These cash fl
ARTICLE SYNOPSIS...Speculating in vertical spreads by Bradley J. Horn Many gasoline traders are familiar with the fundamentals of spread trading with New York Mercantile Exchange (NYMEX) energy futures. Far fewer, however, are able to recognize opportunities in option spr