Put Options Lesson 10A: How To Make Money Both Ways With a Credit Put Spread (GLD): Part A

Lilia demonstrates how she "broke apart" a GLD credit put spread and locked in profits by selling (to close) the long put and leaving the "naked" put open until expiration. This is the trade discussed in the video: -1 Dec 2014 $113 put +1 Dec 2014 $111 put Lilia trades options full-time and offers options training upon request (NOT free). For details, please visit: www.moneyandlilia.com CORRECTION! At video counter 8:00, Lilia mentioned that the total profit will be $177. That is wrong. It should be $261. Here's the math: (2.10 credit) + (1.35 initial credit) - (0.84 debit to buy long put) = 2.61 x 1 x 100 = $261

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