system
A chat on subreddit /r/wallstreetbets
human
Still a little confusing I get that it's a bullish bet selling the put and the call credit spread is bearish but on tastyworks it shows you make money even if it goes up pass the short call?

gpt
Yes you do. This is for high IV times. By selling both sides close to the money and at high IV it's hard for you to lose. I sold an in the money Nvidia call at a strike of 210. My break even is 218. My call I bought covers my loss before it can even get to 218. Because of IV I get to keep some money no matter what. The only real way you lose is if the stock goes down past your put.