Coach and Murray...with this upsurg in spx how is the call diag going? Coach are you going to hold on to May's calls in the diag I know Murray said he would be closing the spread and opening a new one.
Well the current line on the diagonal is an unrealized profit of about $900. The April call is practically worthless and the May 1375 Call is about $0.35. Might open a MAY/JUNE diagonal this week and think about what to do with the MAY Calls.
Nice rally going on today, i had written off a may call position but i guess another day like this and i may get some bear call spreads after all.