16/03 XLE Double Diagonal - Daily Update

Daily Update: XLE moved a bit up Today, still under the 1 st. deviation volatility cone, which is allowing us to stay at or around the B/E zone for the trade.

Contingent Orders:
If XLE at or above 44.80:
a) Close PUT diagonal
b) Buy 3x 44/48 CALL Vertical spreads
c) Evaluate where to re-open PUT diagonal (not automatic, analyze risk profile)

If XLE at or bellow 32.65:
a) Close CALL diagonal
b) Buy 3x 33/28 PUT Vertical spreadc) Evaluate where to re-open CALL diagonal (not automatic, analyze risk profile)