Setting Up Credit Spreads.

From Greg M

Lions, as you know- I have talked about this lately, I am reluctant to buy calls on anything here BUT utilizing credit spreads in this environment is a smart play.

Here is a link to a free options calculator which will help you set up credit spreads, click here: https://www.optionsprofitcalculator.com/?fbclid=IwAR2WxFxUK-x5_y0gTJCq_5sBH9lf1tiJ48bQya9S0sWnLLpw42FYciMbERY

Below is an excerpt from page 38 of my book, A (NOT) So Random Walk On Wall Street relating to Credit Spreads.

*Credit Spreads: Get Paid Upfront to Trade Stocks. Here I am going to show you exactly how to get a net credit to your trading account every time you enter a trade using a simple straightforward strategy. This IS the secret that Wall Street does not want you to know about! There exists a remarkably simple strategy which any trader can execute that pays you immediately upfront for simply placing a trade, yes this is true I am going to teach you how every single time you execute a trade, in the manner which I am going to outline here, you will get a net-credit to your account, (yes you read that right)! Moreover, as an options trader using this strategy you will use the arch enemy of traders, time decay, as a way of putting cash in your pockets….