We’re taking some of the upside risk off of our January portfolio by closing the double-diagonal position, as follows:
Day limit order
Buy to close 2 SPY Jan 128 calls
Sell to close 2 SPY Feb 130 calls
Buy to close 2 SPY Jan 122 puts
Sell to close 2 SPY Feb 119 puts
for a net credit of $1.21 or better.
Note that 2 contracts per leg represent our entire position in the Jan/Feb 119/122/128/130 double-diagonal.