• Credit put spreads have much lower break-even than debit call spreads.
• You can roll these spreads over and save your position. Just roll over and wait untill the stock turns higher.

Entry Date	Long Side			Short Side			Exit Date	Net(Accumulated) Credit/Debit	Invested Capital
	Specs	Entry price	Exit price	Specs	Entry price	Exit price
02/09/04	Mar 34	-0.30	0	Mar 37	+1.05	-1.85	03/19/04	0.75	2.25
03/19/04	Apr 34	-0.50	0	Apr 37	+2.05	-0.90	04/16/04	0.45	2.50
04/16/04	May 34	-0.35	0	May 37	+1.40	-2.40	05/18/04	0.60	1.95
05/18/04	Jul 34	-1.23	+0.05	Jul 37	+2.83	-2.025	07/16/04	-0.20	1.40
07/16/04	Sep 30	-0.25	0	Sep 37	+2.45	-1.65	09/17/04	0.025	4.80
09/17/04	Nov 30	-0.15	0	Nov 37	+2.00	-0.20	11/08/04	0.225	5.15
11/05/04	-	-	-	-	-	-	-	0.025	-

Comment All entry/exit prices are average and reported by the OptionsXpress brokerage.

Learn more about the "Credit Put Spread" strategy or compare with other strategies.