Trading turning points is challenging because market bottoms often occur when sentiment is poor and headline are screaming "sell". Fortunately, with options, there are relatively low-risk plays to profit from the reversal in the long-term trend. The call ratio backspread is one of them. This trade is created by selling calls and buying a greater number of calls with a higher strike price. Some critics of the backspread point out that it loses money before it makes money. However, this strategy is designed as a play on a long-term trend reversal. It will deliver large percentage gains in the event of a major advance, but also will generate income in the event that the bottom really isn't in yet.