A ratio call spread is used when you expect the underlier to go up, but not beyond a certain point. A ratio call spread consists of a single long position in a call and a number of short positions in calls of higher strikes, the latter are used in order to finance or reduce the cost of the long call.
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European call struck at 9.000 with expiry in 30 days
European call struck at 11.000 with expiry in 30 days
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