Double Diagonal mixing weeklys and monthlys

Discussion in 'Options' started by kalikahuna, Jul 3, 2006.

  1. Does anyone know if you can do a double diagonal with weeklys and monthlys mixed?

    ie, Short the weekly and long the monthlys and then keep rolling the weeklys?

    It could be a very interesting play, no?
  2. atozcom


    Seem OK if you get free commission.

    You essentially divide the theta in 4 and paid the commission 4 times.

    You roll 4 time per month instead of one!!! Too much work!!!
  3. Yes, your broker should recognise for cross-margin.

    Double diagonals/time flies can be implemented.

  4. Russ32


    I've been doing this strategy for about 6 weeks now and I'm happy with the results so far. I have Sept. calls and puts and short the weeklys on most weeks. I dont always short the weeklys, only when I feel the situation is right.
  5. Awesome....glad to hear someone has actually implemented this strategy with success.