What is a dispersion trade?

Miiflo alerted us to an “In-Play” stock…Freeport McMoran. Based on the behavior of the stock, Miiflo suggests it’s a fit for a “DOUBLE DIAGONAL SPREAD” to express an opportunity around a stock that is lacking direction and likely to continue in the next couple of weeks. We construct the trade on Thinkorswim from TD Ameritrade to demonstrate how you can enter Miiflo orders after hours and have ideas ready while you are on the go. This opportunity offers $250+ of profit using only $150 in capital. The trade should last about 2 weeks and is valid so long as Coinbase remains in a range from $27-34. At Miiflo, we bring institutional investing perspective to the masses.