Say that I want to play bearish direction and not be hurt too much waiting or when being wrong, and say that the position is initiated near the "sweet spot" marked. Let's just say the market rarely stays at the sweet spot for long time and the high probability forecast is a sharp drop, but sometimes the market does not oblige and rallies hard instead. 1-How would you optimize play of this strategy?. Maybe long in the far month and short the spot month?. 2-Would you play a different strategy instead?. 3-What's a good equivalent play for a bullish outlook?. (I looked at the equivalent call backspread, but I don't like it.) The underlying are ES, or SPY. Timeframe 3-4 days, sometimes up to 2 weeks. Plenty of opportunities to adjust intraday, interday usually before "THE MOVE" happens.