ThinkOrSwim Break Even stop setup on a credit spread

Discussion in 'Options' started by callan300, Apr 30, 2021.

  1. Hello everyone,

    I am new to options trading..
    Can someone tell me how to set up a breakeven stop on a credit spread position.
    The idea is that the credit places the position immediately in the positive and I would like to place a stop on the spread at that level. I would be only risking the credit on the position. Giving it back if the stop is hit.
    I hope this makes sense.
    Thanks everyone.