### Comment:
If it's ITM when you enter, you do not need it to move at all to win; in fact you probably want it just to stay flat. You lose when it crosses OTM. That said, nobody is getting a near-50% ROC spread on something already ITM without a major catalyst in the near future.

### REPLY:
Wouldn't the short ITM call be most likely exercised yielding the max loss?

### END.