 Hey everyone, welcome back in this lesson and I want to show you how to trade a long call vertical in Tastyworks. So we're looking at a chart of SPY And let's say your assumption was you thought this was going to kind of turn around and continue higher So you were looking for a bullish trade in in anticipation of higher prices You could look at buying a call vertical doing a long call vertical spread So it's very easy on the Tastyworks platform simply click on the trade tab and when you're on the table mode What you'll see is the option chains populate We like to check we like to trade between that 30 and 60 days to expiration You could see the monthly options are bolded with with a with a more bold white The others are a little bit more grayed out and have a debut or a queue for weekly or quarterly options So we stick with the monthlies and between 30 and 60 days So if we open up that option chain, you'll see all the different strikes available And so what we're looking at is buying a call vertical spread So remember the calls are always on the left and we want to start with the options that are slightly in the money So you can see this little ITM with the arrow pointed up That means all the strikes above that line are in the money all the strikes below are out of the money So when we set these up, we like to start a little bit in the money and then buy the options a little bit out of the money So to do that you can simply just piece it together by clicking on either the bid or the ask Okay, so the first thing we're going to do is choose the strike that's slightly in the money Let's just choose the 274 And for this example and we want to buy that one So we're going to click on the ask and that's going to populate this highlighted green buy box So you know it's if it's a buy that it's colored green And then we're going to sell the option that's slightly out of the money So let's just do five points wide which would bring us to the 279 And then we can simply sell that one and you know it's a sell because you've got the s1 And it's highlighted in red. Okay, so we're buying the in the money We're selling the out of the money And then if you look down below you see all of your statistics So you can see this is probability of profit of holding it all the way to expiration It's about a 50 50 bet 49 percent If you manage it at 50 percent. So the probability of making 50 percent is up to 63 You see the delta is positive because we we know this is a bullish position We want the stock to go up. So that's going to be a positive delta number You can see the theta the max profit and the max loss for the trade If that's good for you and that's everything that you need to know about the trade You can simply hit review and send and shoot that in I want to show you a couple different things. I want to show you the the visual representation of this and I want to show you one other way to set it up on your trade platform So if we clear this off the other way you can do it is you can go up to your strategy drop down here And remember we we're looking to buy a long call vertical. So you can just click on this toggles it to long Click on this toggles it from put to call And then you can look at your drop down and and make sure it's clicked on vertical And when you click on that it automatically puts the strikes down on your on your trade tab And it automatically defaults to slightly out of the money the the next out of the money strike So those aren't the ones we want for this example Let's just click and drag this up to the one we want which in this case was the 270 floor We can click this one down and it's just you can drag these around. It's very easy Let's drag it back to the 279 where we wanted they can see all the statistics lineup for exactly how we had it before So again, you can just review and send that or what I like to do first just for double confirmation Is go over to the curve tab make sure you're clicked on the analysis tab as well And that'll bring up the visual representation Green represents when you're making money red represents when you're losing money on the trade You can hover over the break even you can see up here on the flag that it gives you the PNL at expiration And then the PNL Theo is where the PNL is on that profit line right now So you can see if as I scroll how that changes from negative to positive and from positive to negative And so this gives you that visual representation The other thing you can do is if you decide, okay, I don't necessarily want these strikes I want to move these around a little bit You can just click and drag the tiles you can widen that out You can make them a little bit more narrow You can do whatever you want And then you can check the stats down below as they change from your probability of profit Probability of making 50 your max profit max loss And you can see the same information up here on the on the flag as you scroll along to give yourself an idea of Where the break even point is where you start to lose money where you start to make money Etc The other thing you can do is you can pop out this little window here and look at some different theoretical values So you can you can just you can move this through time to see exactly what happens As you move through time You can adjust the volatility so you can move the implied volatility up and down To see how that affects your profit on the trade So you can do pretty much anything you want. It's a great tool Gives you this visual representation Which i'm a big fan of and then once you're ready to go simply click review and send Send it into the broker to get filled So I hope that was helpful in showing you how to trade a long call vertical on the tasty works platform See you in the next lesson