20 - Is Trading Naked Really More Risky?
The Trade Busters
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What Are Credit Spreads?
Am, so one way to look at this is if we look at the example i used in episode 19, the last one, right? S very simple example. Let's say there's a stock, a b c, trading on price ten. And let's look at trading a one naked put at strike ten, versus ten at the money, credit spreads. Both of them have a one thousand dollars of a notional risk, right? The naked ten dollar put, right? Ten times a hundred, os a thousand. Whereas the ten credit spreads each have a hundred dollars of risk, but yous only ten of them. Am, as you get closer to expiration, that long leg
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