Adjust Trade Alert: SPY November/December Double-Diagonal
We’re unwinding half of our core November Double-Diagonal position with the following order:
Day limit order
Buy to close 1 SPY Nov 133 call
Sell to close 1 SPY Dec 137 call
Buy to close 1 SPY Nov 125 put
Sell to close 1 SPY Dec 119 put
for a net credit of $1.10 or better.
Note, again, that the 1 contract per leg specified above represents half of the original double-diagonal, and all of our remaining short position in the Nov 125 puts.
Tags: adjust, double diagonal, exit, risk management, spy
Leave a Reply