ɐn ɔːltˈɜːnət nˈeɪm ɪz "ˈælᵻɡˌeɪɾɚ spɹˈɛd," dᵻɹˈaɪvd fɹʌmðə lˈɑːɹdʒ nˈʌmbɚɹ ʌv tɹˈeɪdz ɹᵻkwˈaɪɚd tʊ ˈoʊpən ænd klˈoʊs ðˌɛm "ˈiːɾɪŋ" wˈʌnz pɹˈɑːfɪt vˈaɪə kəmˈɪʃən fˈiːz.
An alternate name is "alligator spread," derived from the large number of trades required to open and close them "eating" one's profit via commission fees.