1 definition by Cult Member Chad
A stock trading strategy invented by the Trading Fraternity meant to make plays "free". This strategy involves purchasing a call or put then locking in profit by selling an option further out the money.
We bought 2 TLT February 12 165 calls for .21 then ghetto spread it making free by selling 1 February 12 170 call for .42
by Cult Member Chad September 21, 2020