Stocky boy

1. Profit / Loss Lock:

credit spread bullish move (up)  buy put with lower strike price
                                 sell put with higher strike price

bearish credit spread (going down) buy put with higher strike price
                                   sell put with lower strike price

the strike prices are $1 apart


2.Iron Condors (use 2 credit spreads combined): works well with super volatile stocks that trade sideways

if the credit spreads are paying more than the difference of the strike price you won't lose money

you have a credit spread where you   sell a call and buy a call,  you want the call sold to be higher in premiums, so you can collect the credit.                          sell a put  and buy a put, sold put needs to have a higher premium