I got a little bit of ratio put spreads 3/14 465/495 on APP

as an experiment. It is interesting to find that when the price drops, the option strategy actually loses money, contradictory to what I understand. I thought the closer it gets to the short strike, the more I could earn on this strategy. Today when it dropped from 495 to 482, it lost money. Didn't really hedge very well.

所有跟帖： 

• 這是正常的，因為ratio spread 開始一般是負delta（尤其是寬的spread ）慢慢的Theta會幫你賺回來 -三心三意- ♂ (0 bytes) () 02/19/2025 postreply 10:08:53

• 謝謝指導！剛剛又設了一點ratio put spread在APP上。然後就準備搞ratio call spread -aloevera- ♀ (0 bytes) () 02/19/2025 postreply 10:25:58