Rolling Unbalanced Ratio Spreads

<p>Ratio Spreads are one of the most flexible strategies we have at our disposal. One of the drawbacks to them, though, is <a href="https://ontt.tv/2sqRvCE">they can be more challenging to manage</a> given all of this flexibility. So how do you approach an adjustment to an unbalanced Ratio Spread? As we look at our position in LVS, we see how to calculate the extrinsic value differences between the current cycle and the next cycle.</p><p>Next, with X reporting earnings today, <a href="https://ontt.tv/jaYN1">we tally up the results from our IV Expansion Project</a> before we close the trade down and move on.</p>