A technical trade on SOV using a credit spread

Technical traders use patterns they see in charts to time and trade stocks and options. The Stock Market Cookbook explains a trade on Sovereign Bancorp (SOV) using an inverse head and shoulders pattern - don’t know what that means check it out here —>
Sovereign Bank- An Inverse Head & Shoulders Pattern in the Making?

Dr. Kris, the blogger at The Stock Market Cookbook,  is looking at a bull put credit spread  April or May 15/12.5 to offset the straight calls that were also recommended.

bull put credit spread, credit spread, technical trader