### Comment:
Seems like he did a spread on one position and then just open calls on the others

### REPLY:
A ratio spread tho? And the different buys on the different strike/expiry combinations makes no sense to me from a greeks standpoint, which is why I was asking. It seems like you'd get a better delta/dollar ratio by picking less strikes and expiries. It could be a laddering strategy, but I'm having a hard time believing that it is.

### END.