Todd Horwitz – Long Ratio Backspreads (Bubba’s Playbook pgs 9 – 11)
Long Ratio Backspreads Long Ratio Backspreads allow a trader to take an outright short or long position in the market without buying a put or call, outright. In certain cases, the ratio will permit the trader to do a spread that may limit risk without limiting reward for any credit.
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