https://www.interactivebrokers.com/campus/glossary-terms/backspread/
Backspread | IBKR Glossary | IBKR Campus
Jan 22, 2023 - An option strategy with a Delta-Neutral spread composed of more long options than short options on the same underlying instrument.
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https://www.merriam-webster.com/dictionary/backspread
BACKSPREAD Definition & Meaning - Merriam-Webster
The meaning of BACKSPREAD is to close the transactions previously made in a spreading operation.
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