07/14 SPY Double Diagonal

I added the second half of the trade Today. By waitting I was able to get a slightly better price than Yesterday, nothing major, but worth the wait.

There is little to do in the short term, my double diagonal adjustment strategy for the first week on the trade is to use a debit spread to roll the shorts CALLS or PUTS if we get to either one of the short strikes. Once the first week is over, I will perform the adjustment if we get between the short strike and the expiration break-even. I've added the adjustment levels to the volatility cone.



Position's History:
07/13 SPY Double Diagonal *New*