A slight variation on a Super Bull (short put vertical financing a long put vertical; bullish assumption).
Metrics:
POP%: 71%
Max Profit: 1.12/contract
Max Loss/BPE: 1.88/contract
Break Even: 25.88
Notes: There are a couple of different ways to work this intratrade: (a) take the long put vert off in profit, leave the short put vert to ride; (b) the inverse of that; or (c) look to take it off as a unit. Here, I'll be shooting for 50% max and to take the entire thing off as a unit, but will also watch for opportunities. Filled for a .12 credit, by the way ... . Generally, this isn't my go-to instrument (XOP is more liquid), but I'm working a trade in XOP and don't want to step on that setup.