Although volatility spreads are based on the foundation of delta neutrality, it will be unfair to ignore the very basics of directional spreads.
These are called Bull and Bear Spreads. Volatility Spreads are already separately covered.
Although volatility spreads are based on the foundation of delta neutrality, it will be unfair to ignore the very basics of directional spreads.
These are called Bull and Bear Spreads. Volatility Spreads are already separately covered.