Opening (IRA): SPY March 10th 297/May 19th 440 LPD*
... for a 32.20 debit.
Comments: After taking off my SPY short delta hedge earlier, re-erecting it here, now with the back month in May. Buying the back month 90, selling the front month 30 delta to generate around -60 delta to hedge off a long delta portfolio.
32.20 cost basis with a 407.80 break even on a 43 wide.
* -- Long Put Diagonal.
Comments: After taking off my SPY short delta hedge earlier, re-erecting it here, now with the back month in May. Buying the back month 90, selling the front month 30 delta to generate around -60 delta to hedge off a long delta portfolio.
32.20 cost basis with a 407.80 break even on a 43 wide.
* -- Long Put Diagonal.
Trade active:
Rolled the 397 out to the March 17th for a 2.10 credit. Cost basis of 30.10 with a 409.90 break even on a 43 wide.
Trade closed manually:
Taking profit here. Closed for a 36.23 credit. 6.13 ($613) profit. Will re-establish shortly.