Here we go again. We're going out a long way, but we'll have a huge range to work with.
Sell 12 May SPX 1225 puts - SZPQE
Buy 12 May SPX 1210 puts - SZPQB
Credit of about $.70 ($840)
Sell 12 May SPX 1375 calls - SXYEO
Buy 12 May SPX 1390 calls - SXYER
Credit of about $.75 ($900)
Total net credit and potential profit of $1.45 ($1,740). Maximum profit range of 1225 to 1375. Maintenance is $18,000.
Good luck and trade smart! Double check symbols before placing your orders!