07/13 SPY Double Diagonal *New*

Started this new position Today, my goal is to get 13% ROI, the stop loss is around -19%. My adjustment strategy is to cut the delta by using a debit spread to move the short contracts up or down, if needed, I can also roll the opposite side as well to increase theta.

I'm entering the position in two stages, one Today and another one Tomorrow, my preferred approach would be to enter the first half last Wednesday, but I was having Internet issues and decided to enter this week.

As you can see from the VIPES spreadsheet bellow, the SPY have been moving around a bit lately, this is a sign to approach with caution, that's why the two-step entry.