Hi all - I've traded for some time but am fairly new to options. I am interested in credit spread strategies (Bull-Put, Bear-Call, Iron Condors) and I have some questions regarding them: When establishing a credit spread, the scenarios that I have been looking at are basically an initial credit that can evaporate depending on the direction of the stock while it is open. If I take a "Bear-Call Spread" as an example: I establish the trade as BUY 1 OTM Call + SELL (write) 1 ITM Call. I have a net-credit placed in my account. Depending on where my breakeven price-level is, I should be positive if the price moves downward anytime and finally upon expiration. However, if the price moves upward, my account begins to lose the initial credit and also part of my margin. - Therefore, I would like to know what happens (how probable) it is that the 'write' option that is included in the spread will be called before expiration since it will be ITM. - Who is the other side that I actually 'sold' this part of the trade to? - How can I implement these types of options trades and be sure that I can always allow them pan-out and to fully-expire? Thanks for any input.