Jul 162015
 

– BOT DBL DIAG SPX 100 (Weeklys) AUG2 15/JUL5 15 2120/2120/2130/2110 CALL/PUT/CALL/PUT @25.20
Here’s a new technique that I learn from Mark Dannenberg. It’s a double diagonal AKA: Market Tamer that he likes. It’s mainly for low volatility chop areas on the majors. These trades are to be pulled off very early so I’ll be looking to pull it off probably mid next week, or maybe Monday the 27th but I won’t be holding long at all it if I think it’s gonna a rocky road. Also you are supposed to pull it off if it goes 10 points through one of your short strikes and take a loss. The market is kinda moving fast though so I may have to pull it off very quickly. The premise of the trade is to have the short sided options decay much faster than the further out long ones.

DISCLAIMER - JVOND SUCKS AT INVESTING! FOR LEARNING PURPOSES ONLY!