Layup Spread VS Credit Spread

Hey Passive Traders. Welcome back to another episode of the Option Genius Podcast. I'm gonna switch things up a little bit today, we get a lot of questions via email or on Facebook from our people reaching out to us. And I wanted to take this episode and to take one of those questions and to answer it. So the question that I am answering on this episode, and I want to do this for future episodes, so if you do have a question, something about related to options, or trading, or anything really, in that realm that you think I can help you with, go ahead and email us at [e-mail], send us an email, ask your question and you never know if we get enough people to ask it, we might get it on on an episode. Now, you know, we'll definitely do our best to answer your question via email when you send it in. But if we get the same question over and over again, for multiple people, then we'll try to answer it here so that it helps more people. Because if you're thinking of something and you have a question, there's probably like five or six other people out there, or probably more depending on the question that had the same question, can't find the answer and your question might help them as well. So go ahead and reach out to us, let us know. And I'd like to be doing more of these episodes where there'll be a little bit shorter, not too much in in length as a regular episode. But we'll get the questions answered in a brief period of time that would help you out. So this question is, the question is basically, what is the difference between a layup spread, and a credit spread? We get this answered a lot. I mean, we get we get it a lot. Because there is a difference. Even though the layup is built on the credit spread, the layup is different, it's a different way of doing it. And so that's what I'm going to be answering on this episode. The reason I am doing this is because lately, we've had a lot of interest in a program that we called credit spread mastery, where we teach the layup spread, as well as other methods of trading, credit spreads. And so because we've had so much interest, we get this question over and over and over again. Now, that particular program, we've had amazing, amazing results since we started it in January of 2021. Incredible results, really, we're with the second batch of students right now. And what we've been doing is for three months, we have one batch and then to the break, and then three months for the second batch. And you're not allowed, nobody's allowed to come in during the class during the batch, right? So we are thinking of opening up a few more spots. Because I do know and I do think that the market is going to get a little bit more volatile, coming up this year. And so it's going to help a lot of people to have someone to bounce ideas off of to get coaching from to see how they are trading through the volatility. So I definitely think that this year, it's gonna be a little bit different from last year, it's not gonna be so easy to make some money. And so that's why we're opening up some more spots in the credit spread mastery program. If you're interested, all you got to do is reach out to us, we'll get you some more information about that, and how you can join up if you're interested. And if you qualify, because everybody doesn't qualify, you have to be able to take advantage of it. So with that in mind, let's cue up the music. And then on the other side, I'm going to answer the question, what is the difference between a layup spread and a credit spread? Take care. So what's the difference? between a credit spread and a layup up spread? They seem very similar Allen. What's going on? What's the difference? Let's go and talk about it. But before we do, I gotta show you our trusty disclaimer. Remember, don't trade with money you cannot afford to lose. You don't want your spouse kicking you out of the house. I love that. I think I'm gonna say that every time from now on. Sorry. It's like so unprofessional for me. Alright, but hey, you signed up for this it you gotta you got to put up with my corny jokes. Alright, to put it simply, the layup is a type of credit spread. Okay, the layup takes the best features of the credit spread and then improves on them by stacking the deck in your favor more and more and more. Okay, so if the credit spread is your strategy. The layup is the trading plan is going to tell you exactly the best way to find the trade, the best way to enter the best way to manage your trade. And obviously, the best way to exit is part of the management process. But remember, the credit spread is the strategy. The layup is the details. You know, how do you find the stock? How do you find the Options that you're going to trade? How do you know if it's a good trade or not? How do you know when to get out? How do you know what to do? All that stuff is the details of the layup. And that's what the layup gives you. So the layup is time tested through bull and bear ...