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Backratio Call Spread Calculator
Butterflies & RatiosbullishDefined Risk
Sell one call and buy multiple higher-strike calls to create convex bullish upside.
What Is a Backratio Call Spread?
Sell one call and buy multiple higher-strike calls to create convex bullish upside. This strategy has a bullish outlook and defined risk.
Setup
SELL1x ATM CALL
BUY2x OTM2 CALL
Max Profit
Unlimited upside
Max Loss
Occurs near the long call strike, reduced by net credit if opened for credit
Breakeven
Depends on strikes and net premium