Well, after a couple months of trading option spreads, I thought I would start posting the trades I have entered into. For the past few months I have set a goal to earn near $1000 per month on a $12,000 account. So far it has been working for me. The stocks I will do spreads on will be stocks that have recently hit their 3 month lows or 3 month highs. I will be entering the spreads when there is approximately < 3 week until expiration, as long as it is confirmed by the CCI (14). One deviation that I may do from time to time, would be to place a covered call, if the underlying stock has recently hit major support, and looks like it will rebound. This will be done with ITM LEAPS instead of the actual stock. Here is the AUG play: 8/7/06 GOOG 360/340 put Credit Spread. (exp 8/18/06) Buy 6 GGDTH Aug 340P @.60 Sell 6 GGDTL Aug 360P @ 2.3 Potential profit @ exp. $1,020 - $32 commission.