Similar to a Calendar Trade, also looking at a Call Butterfly in $SPX. This one is ATM (centered at 3180) and is 50 points wide, consisting of:
- Selling 2 July 31st 3180 C
- Buying 1 July 31 3120 C
- Buying 1 July 31 3220 C
The cost for this one is $6.2. https://t.co/VtGN0JCmEA