SutekkaBETA
Start free
LIVE@blakegrindsNVDA+$12,450•
LIVE@queenofcallsTSLA+$3,280•
LIVE@dragonbtcBTC+$5,120•
LIVE@mikemoneyES-$840•
LIVE@kira_optionsSPY+$1,940•
LIVE@apewolfGME+$23,900•
LIVE@thejackalAAPL+$2,847•
LIVE@blakegrindsNVDA+$12,450•
LIVE@queenofcallsTSLA+$3,280•
LIVE@dragonbtcBTC+$5,120•
LIVE@mikemoneyES-$840•
LIVE@kira_optionsSPY+$1,940•
LIVE@apewolfGME+$23,900•
LIVE@thejackalAAPL+$2,847•
OPTIONS STRATEGIES·NEUTRAL·2 LEGS

Ratio spread

Buy one option, sell more than one at a different strike (or vice versa). Standard ratios collect credit with unlimited risk; back-spreads pay debit for unlimited reward.

INPUTS
Underlying price
$
Centers the payoff chart and computes P&L at this price.
LEGS
Long lower call
Type
Side
Strike
$
Qty
Premium
$
Short upper calls
Type
Side
Strike
$
Qty
Premium
$
RESULT
BE $109.00spot $100.00
$60.002 strikes$140.00
P&L at current spot (expiry)
−$50
Net debit−$50
Max profit+$450
Max lossUnlimited
Breakeven$109.00
Note: Ratio (1:2) — limited profit, unlimited risk.
RISK PROFILE
Max profit
Standard: capped at strike width. Back-spread: unlimited.
Max loss
Standard: unlimited. Back-spread: limited to net debit.
Breakeven
Computed per direction and ratio
RELATED STRATEGIES
Call butterfly
Pin risk · Long 1 / Short 2 / Long 1 across three call strikes.
Bull call spread
Bullish · Debit spread, defined risk and reward.
NEXT

Done planning? Log the trade.

Sutekka journals every leg automatically — and shows you the actual P&L when you close it. Free forever.

Start logging — free