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1 strategies and tactics for Vertical Spreads

What is Vertical Spreads strategy?

Every great achievement starts with a well-thought-out plan. It can be the launch of a new product, expanding into new markets, or just trying to increase efficiency. You'll need a delicate combination of strategies and tactics to ensure that the journey is smooth and effective.

Finding the right Vertical Spreads strategy can seem daunting, particularly when you're focused on your daily workload. For this reason, we've compiled a selection of examples to fuel your inspiration.

Transfer these examples to your app of choice, or opt for Tability to help keep you on track.

How to write your own Vertical Spreads strategy with AI

While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI generator below or our more complete goal-setting system to generate your own strategies.

Vertical Spreads strategy examples

You will find in the next section many different Vertical Spreads tactics. We've included action items in our templates to make it as actionable as possible.

Strategies and tactics for implementing a 15-Minute Opening Range Breakout Strategy

  • ⛳️ Strategy 1: Identify opening range

    • Monitor SPX from market open
    • Identify high and low prices during the first 15 minutes
    • Establish this range as the key breakout area
    • Adjust trading platform settings to track this range
    • Set alerts for breaches of high or low of the range
    • Collect historical data of 15-minute opening ranges
    • Analyze patterns and deviations from these past ranges
    • Determine average range size for position sizing decisions
    • Engage in backtesting with historical SPX data
    • Prepare mental and written notes on findings for active trading

  • ⛳️ Strategy 2: Trade the breakout

    • Place vertical spread option trades based on range breakout
    • Ensure stop loss is set at 80% of the maximum potential loss
    • Define profit targets ahead of time to lock gains
    • Use a trigger system for automatic entry based on breakout
    • Implement risk management practices to align with set stop loss
    • Monitor live data to validate legitimate breakouts
    • Avoid chasing breakouts that occur too rapidly
    • Remain aware of market news that may affect SPX movements
    • Evaluate entry points via paper trades to refine approach
    • Record and analyse each trade to evaluate effectiveness

  • ⛳️ Strategy 3: Refine and adapt strategy

    • Review daily performance against the 70% win rate aim
    • Identify patterns in losses and address potential adjustments
    • Adjust the stop loss percentage if not aligning with loss tolerance
    • Network with other traders for insights on SPX options trading
    • Stay updated with economic news impacting SPX
    • Regularly update your analysis methods with market changes
    • Explore additional technical indicators to support decision-making
    • Attend webinars or courses on advanced trading strategies
    • Schedule weekly strategy review meetings to discuss improvements
    • Document lessons learned and positive outcomes for continuous improvement
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Implement these strategies

How to track your Vertical Spreads strategies and tactics

Having a plan is one thing, sticking to it is another.

Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to keep your strategy agile – otherwise this is nothing more than a reporting exercise.

A tool like Tability can also help you by combining AI and goal-setting to keep you on track.

More strategies recently published

We have more templates to help you draft your team goals and OKRs.

Planning resources

OKRs are a great way to translate strategies into measurable goals. Here are a list of resources to help you adopt the OKR framework:

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