### Comment:
I've never traded a debit spread but I imagine it's just like being long an option however it costs less and your profit is less

### REPLY:
Yeah, but you can set the strikes in various positions to spot relative to your assessment of probable movement of the stock, I guess? You can move the long option further ITM to mitigate downside risk or the short option further OTM to increase cap on potential gains, both at the cost of higher initial debit. 
  
 edit: actually maybe putting the long option further ITM doesn't make any sense.

### END.