Long vertical spread near expiration

Discussion in 'Options' started by a529612, Dec 14, 2006.

  1. Is it a big no-no or it doesn't matter as long as you know where BEP is and what the underlying stock needs to close at expiration to be profitable?
  2. That position gets "tricky" when the short-strike of the spread is at-the-money with a few days to go before expiration.