Selling an in the money put spread and buying an out of the money call spread on the same strikes is the exact same trade. Same risk graph. Same max profit. Same max loss. But one of them has bid-ask spreads twice as wide as the other.Over a thousand occurrences that slippage adds up fast. Mike Butler shows this live on SPY with real open interest numbers and real bid-ask spreads side by side. The out of the money version wins every time on liquidity alone. Helpful links: tastylive: tastylive.com Get Tom's pre-market analysis every morning: tastylive.com/newsletters FREE Options Strategy Guide: tinyurl.com/bp9ms763 Follow tastylive on X: x.com/tastyliveshow CHAPTERS: 00:00 Out of the Money vs In the Money: The Key Difference 00:45 Buying OTM: More Percentage Gain, More Percentage Risk 01:25 Buying ITM: You Gain Intrinsic, But Lose Extrinsic 02:00 In the Money Put Spreads: The Hidden Problem 02:45 Same Strikes on the OTM Call Spread: Look at the Markets...