> For the complete documentation index, see [llms.txt](https://docs.arrow.markets/arrow-markets/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.arrow.markets/arrow-markets/learn/options-advanced/advanced-strategies/credit-spreads.md).

# Credit Spreads

A credit spread involves buying and selling call or put options with the same expiration but different strike prices.