Did I ‘create’ a cool (if high comms.) new combo play (SPX or /ES, or anything)

I got the starter idea from some tasty video. During a Q&A a tasty rep described the opener strat as a Broken Heart Butterfly.

So, using SPX … say spot is 5300. Long +1 5305 Call (A), write -1 5315 C (B).

Then further out, say 5350 — write -1 5350 C (C) , and buy end cap +1 5400 C (D).

The overall entry cost shd be a small credit. (The debit spd is bought by the far cred. spd)

If spot is flat or goes down, we keep the small initial cred. If spot goes up slightly, we gain from the near +1 long C

Now if spot goes way dangerously up … we wanna switch to damage control mode. After like 4 months, I finally think the solution is this: Converting to a Butterfly centered on the far short strike.

That is, close (A) and (B) for $500 per ctc profit, write another -1 at (C), and buy longs at strike under (C) and above (C) … creating a butterfly for hopefully no/low cost.

We still could realize loss on mvt. up or down – but it is tightly controlled loss.

Super high comms. on this. You would try scalping 10 or 20 contracts.