Christmas Tree Spread with Puts Option Strategy
A long Christmas tree spread with puts is a three-part strategy involving six puts. If there are four strike prices, A, B, C and D, with D being the highest, a long Christmas tree spread with puts is created by buying one put at strike D, skipping strike C, selling three puts at strike B and buying two puts at strike A. All puts have the same expiration date, and the four strike prices are equidistant.

Created by: Nikita
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