Probability of Profit: 55%
Max Profit: $99/contract
Max Loss/Buying Power Effect: $201/contract
Notes: As with the SPY iron condor, the probability of profit ain't that great. However, I'm getting 1/3rd the width of the wings, and the probability of hitting 50% max at some point during the life of the setup (P50) is 68%. Moreover, I'll look to layer a few of these on over time in the June 17th expiry, assuming VIX >15, and mix and match short call sides with short put sides to take them off in profit ... .