Friday, August 16, 2013


Entered an SPX double diagonal  My trade confirmation reads:    BOT +1 DBL DIAG SPX 100 (Weeklys) SEP1 13/AUG5 13 1720/1600/1700/1620 CALL/PUT/CALL/PUT @-1.20 CBOEMARK=1659.20 IMPL VOL=14.34%  weekly options and cost $1880. The goal is $125. and the Max loss is $375.


Risk Graph


We are looking to be out of this trade by August 22, 2013.

Peace

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