Debit spread. This is a strategy that involves buying a call option and selling a call option with a higher strike price, both with the same expiration date. The premium received from selling the call option helps offset the cost of buying the call option. This strategy is often used to limit risk and potential losses.
Credit spread. This is a strategy that involves selling a call option and buying a call option with a higher strike price, both with the same expiration date. The premium received from selling the call option helps reduce the cost of buying the call option. This strategy is often used to generate income and limit risk.

Buying Debit Spreads On The Thinkorswim Platform Live - Thinkorswim Tutorial

How to Trade Credit Spreads (PUT & CALL) on thinkorswim! (2022)

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