Possible Re-Ownership Play for July CBOT Wheat

Here is a 3-leg play that I found interesting; it is the sale of a 7.10 put, the sale of an 8.50 call, and the purchase of an 7.70 call.  It has a max return of 80 cents; but unlimited risk below 7.10 futures; all of the above is based on when the options expire which I believe is June 24th.  At 8.50 profits are capped;

I like the trade under the idea of support and resistance; as that is aprox where the sold options are placed at.  Perhaps i rather simply sell the two short options; but if one was/is bullish the purchase of a call could help return a little more.




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Neutral Nick Update- Delta Neutral Trading Style that tries to hedge 300,000 bushels via big time premium collection. Ahead nearly 3 million shooting for 20-25 million profit?