SPY Heartbeat - 5 Ratio Butterflies (20-Legged)

SPY Heartbeat - 5 Ratio Butterflies (20-Legged)

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I got bored so I made this


https://optionstrat.com/NcJMDKY8Z0kL




Ratios: 1, 1, 3, 2, 1

I made sure T wave is higher than P wave and S is lower than Q


The center is an iron fly, the rest 4 are OTM long / short flies



I've never seen anything like this (reduced vol)



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Now let's think of a scenario that it's actually useful in real world, like SPY goes to $0, then I got $1,240.50 / contract



20-legged cuz I assume a butterfly have 4 legs, not 3.


I could make P & T waves condors to better simulate them.