On December 01, 2021, I sold 1 bull put ratio back spread option on INTC with an expiry set in the next 23 days on December 23, 2021. For this trade, I paid a debit of $95.2 (after commissions)

The Put Ratio Back Spread is a 3 leg option strategy as it involves buying two OTM Put options and selling one ITM Put option. This is the classic 2:1 combo.

This…