Traders, hopefully, will often find themselves in the position of making money on their trades. A very natural inclination, unfortunately, is to book profits too early. This is particularly true of new traders or traders that are trading small contract positions sizes. The problem is often that they only own one call option. If you are only long one call option, and you are up nicely on the trade, your choices for taking profits are somewhat limited. You can either sell the call outright, at which point you are officially out of the trade. Or you can "leg" into a call spread. That's quite often a better choice, especially when a trade has not really shown any signs of stopping. Selling a higher striked call can keep you net long the stock, but at the same time reduce the overall premium that you originally paid. Let's take a look at this in action: