Credit Spreads, Debit Spreads: What's the Difference?!

Get a group of options traders in a room and sooner or later a discussion is likely to arise as to which is better: credit spreads or debit spreads. I’ve witnessed it countless times when teaching in-person classes. I’ve heard the arguments on both sides, too. Indeed, the world of option trading seems to fall into two camps: credit spread traders and de…