Blog dedicated to ETF and Index option trading strategies using credit spread and money management.
Tuesday, July 21, 2009
07/21 SPY Double Diagonal
Despite early day selling, SPY ended up pushing higher Today. It is beyond the B/E adjustment and I am evaluating my next step. I might roll the PUT diagonal up, or simply roll a few more CALL spreads, may even do both.
All content on this site is provided for informational and entertainment purposes only. It is not intended as advice to buy or sell any securities. Nothing should be considered or construed as personalized investment advice. Stocks are difficult to trade; options are even harder. Please do your own homework and accept full responsibility for any investment decisions you make. Although I may answer your general questions or comments, I am not licensed under securities laws to address your particular investment situation.
ps: Thanks to my Lawyer friend and avid reader Chad for the disclaimer!
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