I've just started trading options (on paper) and one of the ideas that really caught my eye was the credit spread. However, I'm blown looking at the spreads on QQQQ & SPY options and I don't think I can make this work. So how do you guys play this trade or do you even use credit spreads at all. Also, how can I limit the damage of the spread and get a better price (if this is at all possible). P.S; I've never really have worried about bid ask spreads before cause I've always been a position trader and never cared about the pennies.