I came across call spreads a few months ago, but never really studied them a lot until just now, having found this board. Seems to me that spreads, both calls and puts, seem to be what to concentrate on.
Saving up your money for a rainy day,
Giving all your clothes to charity.
Last night the wife said,
"Oh boy, when you're dead
You don't take nothing with you
But your soul - think!"
(Lennon/McCartney, "The Ballad of John and Yoko")