Doesn’t seem like a very good risk reward strategy at a glance. Looks like you’re risking about 2500 on the trade per lot. And your max profit is 2500 because it’s a spread which would take a long time to realize. Spreads are better for short term. Leaps are better if you just buy the call alone. You’d likely risk 5k to try to get 15k for example. If you want to do a spread take a look at something in the 60 dte range and buy it on the third Friday of the month after mid month dips. Hold for two to three weeks and then repeat. Use 5-10% of your available capital or whatever you feel comfortable with for risk. Those should be better risk reward strategies
Hoping V : What is LEAPs?
Carlosoo OP Hoping V : My bad. Its LEAP
Delfino Castelan : SPY moves along the market so the quickest way to profit would be to follow the big bucks (purchase & sell orders) buy the dip and short the spikes