Expectation : Not Applicable.

Profit When : Extrinsic value of OTM options is higher than extrinsic of ITM options

Risk : None

Reward : Limited

Upper Breakeven Pt : Not Applicable

Lower Breakeven Pt : Not Applicable

Max Profit : Expiration value of box spread - Net debit paid

OppiE's Note : Box spread is an arbitrage technique used to make risk free return. It is an extremely difficult strategy to use as it is hard to find such opportunities and commissions usually outweigh any possible profits.