07/15 SPY Double Diagonal

Where is the love?? :) Taking such a large move in the first few days is never pleasant, I had the same experience last month with my 50-Day condor, except the condor bit the dust, the double-diagonal is still in play. I'm less than a standard deviation from the up-side adjustment, and I'll adjust if we get there.

There is one thing here: The Recommendation is to close the position when it hits your short strike within 7 days. For me, I preffer to adjust and stay on the trade, see if the underlying backs off. One way or another, I'm keepign my stop on a 1:1 ration with my expected profits. Not letting my losses run



Position's History:
07/14 SPY Double Diagonal
07/13 SPY Double Diagonal *New*