Sold 1 Put Bull Ratio Back Spread on SPCE - potential income return 1.38% in 50 days
On December 02, 2021, I sold 1 bull put ratio back spread option on SPCE stock with an expiry set in the next 50 days on January 21, 2022. For this trade, I got a premium of $20.8 (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.
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