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Directional & Ratio Spreads
Futures & Options · Multi-Leg StrategiesDebit vs. Credit Vertical Spreads, 1x2 Ratio Backspreads, Jade Lizards, and Calendar Time Spreads.
Topics in this Sub-Topic
Explore each dedicated topic below inside the 3-level Trade School hierarchy (Futures & Options / Multi-Leg Strategies / Directional & Ratio Spreads).
Bull & Bear Vertical Spreads: Debit vs. Credit Strike Selection
When to deploy a Debit Spread (Low IV) versus a Credit Spread (High IV) to express a directional thesis with capped risk.
Ratio Backspreads, Jade Lizards & Calendar Term-Structure Spreads
Eliminating upside risk with Jade Lizards and exploiting horizontal Theta/Vega differentials with Calendar Spreads.
Lessons
- Bull & Bear Vertical Spreads: Debit vs. Credit Strike Selection
When to deploy a Debit Spread (Low IV) versus a Credit Spread (High IV) to express a directional thesis with capped risk.
- Ratio Backspreads, Jade Lizards & Calendar Term-Structure Spreads
Eliminating upside risk with Jade Lizards and exploiting horizontal Theta/Vega differentials with Calendar Spreads.