Sold 1 Put Bull Ratio Back Spread on PFE – 0.67 % potential income return in 35 days

On November 26, 2021, I sold 1 bull put ratio back spread option on PFE stock with an expiry set in the next 35 days on December 31, 2021. For this trade, I got a premium of $32.8 (after commissions)

The Put Ratio Back Spread is a 3 leg option strategy as it involves buying two OTM Put options and selling one ITM Put option. This is the classic 2:1 combo.