6.1. Call Ratio Backspread

Proficiency	Direction	Volatility	Asset Legs			Max Risk	Max Reward	Strategy Type
				+
				+
Advanced	Bullish	High	• Short Call[*]			Capped	Uncapped	Capital Gain
			• Two Long Calls

^[*] Or can be two short calls with three long calls.

6.1.1. Description

The Call Ratio Backspread is an exciting strategy that enables us to make accelerated profits provided that the stock moves sharply upwards. Increasing volatility is very helpful because we're net long in calls. The worst thing that can happen is that the stock doesn't move at all, and even a sharp move down can be profitable, or at the very least, preferable to no movement at all.