07/28 SPY Double Diagonal

The position got a very small break Today, its P&L improved sligthly, SPY is still pretty much out of bounds. Should the expected pull back come in the next few days it will be ok, otherwise I'm ready to pull the plug if we fire up above 100.

I've looked into adding an Iron Butterfly or even a a calendar to help with theta. However, keeping the same Stop loss level makes adding to the trade a bad option. The reason is that we're too close to being stopped out, and adding to the trade puts the stop close on the down-side as well.

Position's History:
07/27 SPY Double Diagonal
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*


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