Taking on a little bit of extra GLD
risk here, primarily to finance the improvement of my short call side of my June 112/115/115/118 iron fly (using the .70 credit I hope to receive here to finance the roll of the 115/118 side of the iron fly to higher strikes (same expiry)).
Here are the metrics for the setup:
April 15th 109/112/127/130 iron condor
Probability of Profit: 66%
Max Profit: $70/contract
Buying Power Effect: $230/contract