Hi guys, I am new to Option trading and have been trying to learn as much as possible about trading for some time now. I have been looking at one trade in particular for awhile now. I was thinking of a Bear Call spread on BKE by selling the Sept 30 Call and buying the Sept 35 Call. However, I have a couple of questions regarding this trade. Firstly, about volatility... Currently the implied volatility is greater than the historical volatility. So from what I understand, at times like these is it better to initiate a Credit spread? If I am right about the direction in this trade and the stock price moves lower, will that increase volatility? If so, how will that affect my position? i.e will it cause the Call I bought to rise in value faster than the one I sold? Also in this kind of spread, what kind of Greek numbers are optimal? I know this may be a vague question... if it is, I apologize and hope that someone may explain to me what I should be looking for in regards to the Greeks in this kind of spread. Greeks for this spread are: 30 Call: IV:52.03 Delta:0.58 Gamma 0.07 Theta: -.02 Vega: 0.04 Rho: 0.02 35 Call: IV: 47.94 Delta: 0.25 Gamma: 0.06 Rho: 0.01 Theta: -.02 Vega: 0.04 I have an understanding of what the Greeks mean but I do not understand how they should be used when it actually comes to trading. In other words, I have a limited theoretical understanding of them but no real practical understanding of it. I'm not too worried about my prediction for the direction of the share price for now... I just want to try and learn how the Greeks and volatility play a role in all this. I know this is quite a large question... so any help would be GREATLY appreciated!!!