Can you tell us your position? Why keep us guessing? Basically looks like you're short OTM calls and long far OTM calls to keep it defined risk and lower your margin. And based on the shape of the profile, looks like it involves a lot of different strikes and could be difficult to manage.
OK as long as your EV is significantly greater than the fees paid, you're all good. Are you betting on the vol or expected price move of the underlying?
not betting on vol but i am always bullish on the market so was hoping the market move up but remove the risk on the downside. in fact if market move up the middle tent should drop because of the IV drop so have to see how it goes. if trade is good, I will do 2 set next week. Now is only 1 set I tested on spy and is good ($40 profit after comm) but spy is just not worth if i were to do 10 set