ET for 10:00 a.m. ET expirations. The spread has a floor and a ceiling that denotes the range of the market that is traded long or short. Here, one could buy a spread below the market with the ceiling of the spread where the market is trading at the time. The profit potential for this spread should be $17 or more. Then, they could sell a spread above the market with the floor meeting the ceiling of the bought spread and also where the market is trading at the time.
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