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Ratio Put Spread Calculator
Butterflies & RatiosbearishUndefined Risk
Buy one put and sell multiple lower-strike puts for a bearish trade with downside risk.
What Is a Ratio Put Spread?
Buy one put and sell multiple lower-strike puts for a bearish trade with downside risk. This strategy has a bearish outlook and undefined risk.
Setup
BUY1x ATM PUT
SELL2x OTM2 PUT
Max Profit
Highest near the short strike
Max Loss
Large downside risk from the extra short put
Breakeven
Depends on strikes and net premium