Credit Spreads - What's Next?

Given where we are, how wide have credit spreads gone? And if the put side wasn't attractive on equities at the top in the market, how does the call side look on equities today? So credit spreads today are in absolute terms, they're slightly elevated. In terms of call options, there's moments where credit falls enough that it isn't asymmetric and you can get a high return compared to default. We're not near that yet. I still believe equities are much more attractive long.