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Also known as "ratio spread".
May be Bullish or Bearish Depending on Type of Option and Level of Credit (if any).
Sell In-the-Money, At-the-Money, or Out-of-the-Money Call or Put. Buy the Same Type of Option. Buy Multiple number of Farther Out-of-the-Money Options of the Same Type, Preferably for a Net Credit.
Important Note: Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy
of Characteristics and Risks of Standardized Options (ODD).
Copies of the ODD are available from your broker, by calling 1-888-OPTIONS, or from The Options Clearing Corporation, One North Wacker Drive, Suite 500, Chicago,
Illinois 60606. The information on this website is provided solely for general education and information purposes and therefore should not be considered complete,
precise, or current. No statement within the website should be construed as a recommendation to buy or sell a security or to provide investment advice. The inclusion
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