How to use back ratio spreads strategy in trading biased volatility

Every few months there comes a time when there is lack confidence on direction but lot more conviction on volatility. In such times generally we do go on a backfoot and avoid to trade. However, one such strategy that comes in handy while trading such view is Back Ratio Spread

A situation, where we have firm view on volatility that there is a very bright chance of movement, the choice of Bull or Bear for a Biased Volatility can be made easily with choice of instrument Call or Put.

Back Ratio Spread is a strategy where for Bullish Biased Volatility, we need to Sell a Call of the strike closest to the current underlying level and Buy not 1 but 2 lots of a higher strike Call. If we wish to trade Bearish Biased Volatility view, we choose Puts. Here, we need to sell a Put of the strike closest to the current underlying level and buy 2 lots of a lower strike Put.

What this ends up doing at the beginning is it reduces the premium outflow considering the Higher calls/Lower Puts cost lower then the Call/Put of strike close to current level.
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