... for a 2.27/contract credit.
Metrics:
Max Profit on Setup: .23 ($23)/contract
Max Loss on Setup: 2.27 ($227)/contract
Break Even on Setup: 5.27 versus 5.41 spot
Debit Paid to Spread Width Ratio: 90.8%
Notes: Re-upping with a small engagement trade in Ford while I wait on June mopex trades. Here, the debit paid to spread width ratio kind of stinks, so my intent is to roll the short call out on extrinsic approaching worthless to reduce cost basis in the diagonal and increase max profit potential further.