Intro To Options and Placing Trade
Spreads Trading Plan - John Howell

When trading the spreads, here is my criteria I look for in any trade. It’s my trading plan.

1. Trade no more than three days out.
2. Have at least 4% Protection or OTM.
3. Looking for at least 10% ROR ( Return on Risk).
4. Looking to receive no less then 0.10c per trade.
5. Has no announcements coming out.
6. Some basic charting to see what’s going on.
7. Once this is all good and you’re happy. Then you’re ready to trade.

Use this as a base when trading both Credit Call Spreads And Credit Puts Spreads. Then start to tweak this to what you’re happy with.