best spread amount for bull put spread?

Discussion in 'Options' started by ll00l0l, Apr 3, 2009.

  1. ll00l0l


    Hello, I am new to trading spreads. I know how they work, but
    Is there an optimal spread amount (between strike prices) for selling put credit spreads? I know you collect more premium when the spread is wider, though it takes more money to open. I've heard it's better to keep the prices close together (within maybe $5 of each other). But in this case, you collect less premium. Is a wider spread riskier and/or more profitable?
    If this information is already posted somewhere, you could direct me to it. Thank you!