VALE Financed Vertical for 3/17/23 Expiration. While we all wait to see which way the wind is blowing. This would be an idea that would probably be best served using margin in a trading account for collateral, (as opposed to using $1,200 in cash).
$20 short call $16 long call ---{share price: $14.42}--- $12 short put
$408 max profit @ share price >$20 at exp. Credit of $9 (or so) at order execution. Breakeven @ $11.91 at exp.