Put Ladder
PLADPLAD-E1-X3_X2_X1Buy highest put, sell middle and lowest puts.
Bear put ladder: limited downside above middle strike, unlimited downside risk below the lowest strike.
Pick an expiry and 3 strikes to build the combo.
Buy highest put, sell middle and lowest puts.
Bear put ladder: limited downside above middle strike, unlimited downside risk below the lowest strike.
Pick an expiry and 3 strikes to build the combo.