Put Ratio Spread
pre-built
shape
A bet on calm 🐌⛵ with large downside risk 💣. You are hoping for a drop in volaility, theta, or no large moves by purchasing an ITM put and two short puts at lower OTM strikes with all having the same expiry. Both OTM puts have the same strike.
Net Credit$0
Max Loss$0
Max Profit$0
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