[wsam29]

your net delta is pretty important as well.

There is no sense having a position on if your net delta is less than +50 if you are long spread or -50 if you are short spread.

For those that do not understand the greeks, just think of delta as how much your options will change in price relative to the stock it derives its price on.

example.

ABC bull call spread, long at 1.00, delta +30

ABC stock goes up 1.00, your bull call spread would be at 1.30 now because the +30 delta. Mind you the greeks change in value depending on how close to the money they are. Once they get In-The-Money (ITM) your delta changes even faster, but that all depends on the Gamma, which is the rate of change of the Delta.

That is why and where people get confused.

There are just too many variables that need to be factored in.

Not to mention the underlying market conidtions will be a major factor to your spread.