Credit spreads are like selling insurance - you get paid upfront but you’re on the hook if things go sideways. Strike selection matters big time. Go too tight and you’ll barely collect anything. Go too wide and one wrong move wipes you out.
I trade these weekly with 30-45 day expirations. Always check IV before jumping in. High IV = better premium but way more risk. Paper trade this stuff first so you learn how the Greeks mess with your positions.
Start small until you get the hang of it. Managing risk beats chasing profits every single time.