So going by the box setup here if I get filled at this price I am locking in .03 cents profit. So with 250 contracts I can lock in a $500 profit with no risk? So why isn't everybody doing this? Oh maybe because you will never get filled at that price? Show me an example where you have actually locked in profits...and how often can you do that?
Read on the concepts of implied volatility vs real volatility. Once you understand these two concepts, you will understand what's the real risk with options and why credit spreads seem to be more lucrative than debit spreads.
It doesn't matter that the strikes are equal, the short call performs better than the long put. Look at the screenshots.
Yes and in the original post I said what's the point of selling a call vertical spread ITM to get to 1:1 when you could just buy a put debit spread instead and carry a better risk reward...but it turns out the call credit spread will out perform the put debit spread.