It is long a fly, short a fly. I guess it could be seen as representing the derivative of the cube. +1 +1 -2 -1 -3 +1 +2 +3 -1 -1
It's actually a bull spread with three bear spreads inside it..... +1/_/_/-1, -3/+3... Your trying to isolate a dislocation... In this example its june
Interesting spread cdcaveman. What about commissions? How much profit is eaten up by retail commissions? Is the range wide enough to overcome retail commissions?