Actually, I've got 2 put diagonals. One I can close for a loss, the other I can close for a credit that is twice the loss of the other so a net gain there (although very small and using mids). October will be about breakeven when I figure in commissions. Not too bad considering the market screamed staight up to my short call. I will close out the put diagonals soon (holding on looking for at least a little uptick in the VIX in the next day or two) and start looking at November plays.
Yup.... if i add more i need to spread them out so it does not dip on a rise in the market and drop in vols. i think we have limited drop in vols by Oct expiration. Gonna first test effects of 2% drop whic is the maximum i see....
Here you go coach. The green line is your previous position and the red line is after adding the short EW OCT/NOV 1380 calendar. I'm not sure if that's what you expected ...
Well, I finally closed my OCT 1335/1350 spreads for 12 debit. I took 5.9 credit for them so it is a loss of 6.1 They held up pretty well around 1:1 risk/reward even after being 25 ITM. With the ES trades I did on the long side (held some from 1333 ), this month will end up in a scratch.
I saw one bounce [yes, they bounce], "I sold call spreads and all I got was this lousy t-shirt!" Seriously though, tough break guys.