Chapter 06 · Section 6.1

Position

When you put on a put ratio backspread:

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. You may be confusing the put ratio backspread with its opposite position - the ratio put spread.
  d) are neutral but want the market to move in either direction.