Legging Out of a Bull Call Spread - Live Trade Example

When trading options, especially with a Long Vertical Spread (also known as a Bull Call Spread), it's essential to know how to manage and exit a losing position. In this video, I'll walk you through a live example of how I successfully "legged out" of a Long Vertical Call Spread on Upstart Holdings ($UPST) and turned a losing trade into a profitable one. 📈
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📢 U.S. Government Required Disclaimer - Commodity Futures Trading Commission (CFTC). Futures and options trading involves substantial risk of loss and is not suitable for all investors. Carefully consider whether trading is appropriate for your financial circumstances. Past performance is not indicative of future results. This content is for informational purposes only and does not constitute an offer or solicitation to buy or sell securities, options, or other financial instruments. No representation is made that any account will achieve or is likely to achieve profits or losses similar to those discussed.
CFTC Rule 4.41 - Hypothetical or simulated performance results have inherent limitations. Unlike actual trading records, simulated results do not represent real trades. These results may under- or overcompensate for market factors such as liquidity. Simulated programs are also developed with the benefit of hindsight. No representation is made that any account will or is likely to achieve profits or losses similar to those shown. Past performance of any trading system or methodology is not necessarily indicative of future outcomes.