07/27 SPY Double Diagonal

SPY showed some signs of indecision/consolidation at the top Today. I'm hopping we're close to a pull back. If we do pull back I plan on adding spreads to the trade in order to bring theta back to the table. I thought about doing it last weekend but couldn't really analyze the trade on Friday.


As of now, we're close to the max loss and I have an order to halt the position if we go to 100. One way or another, looking at the volatility cone, this has been a relentless up-move and this trade is still there. No way an Iron Condor could have made it through.




Position's History:
7/23 SPY Double Diagonal
07/22 SPY Double Diagonal
07/21 SPY Double Diagonal
07/20 SPY Double Diagonal
07/17 SPY Double Diagonal
07/16 SPY Double Diagonal Decision Making
07/16 SPY Double Diagonal
07/15 SPY Double Diagonal
07/14 SPY Double Diagonal
07/13 SPY Double Diagonal *New*


Return to home