Long Ratio Backspreads Long Ratio Backspreads allow a trader to look at an outright long or short position available in the market without buying a put or call, outright. In some cases, the ratio allows the trader to execute a spread that will limit risk without limiting reward for a credit. The sized the contracts used and strike differential determines if the spread can be achieved for a credit, or maybe it’ll be a debit.…
View More Todd Horwitz – Long Ratio Backspreads (Bubba’s Playbook pgs 9 – 11)