As Kai and I continue on with our Core Strategies Series today, we open up the category of Vertical Spreads. Whether it’s Long Vertical Spreads or Short Vertical Spreads, played to the upside or the downside, Vertical Spreads are great, defined-risk strategies that can allow you to stay engaged in the market, while having your worst-case scenario known at order entry. In this segment, we lay down the foundational basics of these strategies.