Chapter 06 · Section 6.1

Spread Position

When putting on a call ratio backspread, you:

a) are long and want the market to rally.
b) are short and want the market to fall.
• c) are neutral and want the market to sit.
  No. This would be your market outlook if you had put on a ratio call spread. The call ratio backspread is the opposite of this.
  d) are neutral but want the market to move in either direction.