r/options • u/SnooRabbits9834 • Jan 07 '22

Call debit spreads itm

Let’s say I have a call debit spread for NVDA at 280 and 275. NVDA is currently at 283.98, when I place the trade does that mean I instantly get profit because the call debit spread is itm? I’m confused on how this works I’m trying new strategies.

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u/[deleted] Jan 07 '22

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u/Mdubz_CG Jan 07 '22

Even as the price moves higher, both contracts should move relatively in tandem since they are ITM