Credit Spreads Cash Flow Program
Credit spreads offer great opportunity to get well defined good risk to reward ratios if you learn to trade them the right way. Do understand that you do have to mind your credit spreads in that by expiration you don't want your stock to close between your strikes leaving your short side to be exercised but talk to your broker about that.
Other than that, credit spreads trading can be a great way to generate cash flow being able to define your risk while reducing the amount of money required to play an equivalent contract size vs. buy call or buy puts method. So you can play high flyers with small capital needed for spread granted you mind your position before expiration.