I am a beginner trader who has been using call debit spreads. I found a spread on RH for a +1,280 credit and I have a few questions.
I usually have to pay a premium for call debit spreads but this one is for credit, does it mean it’s “free”?
This position has a 0 max loss (never seen it on RH), is it a glitch or does it how it work?
If I receive credit after opening this position, can I just close it and keep the profits?
To open this position, do I need a margin account or collateral? I only have $500 in buying power.