What is this called?

A

asdfghj7

Short one 910 call for $16
Long two 920 calls for $12
Short two 950 calls for $4


What would be the name of the trade
above if we started off with a premise
having the ES at 900 prior to execution
Then, same question if ES is at 920
prior to execution. All in the same
contract month as well. Thanks
 
So this looks to earn a bit of credit if the SPY sails lower, or stays @88 but profits hugely if it goes to 95 at June expiry.

According to my analyze tab, this looks like a butterfly that still makes money if SPY never goes back to the 95 jackpot.

Fascinating trade.
 
Quote from asdfghj7:

Short one 910 call for $16
Long two 920 calls for $12
Short two 950 calls for $4

What would be the name of the trade
above...
More...

1) Nomenclature does not depend on your premise for opening the trade. Nor does it depend on the stock price.

2) This position is a combination:

a) Short one lot of the 910/920/930 butterfly

b) Long one lot of the 1 x 2 ratio spread: long 1 930
short 2 950

In this case,the 930s canceled each other.

Mark
 
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