Hello... I will probably get chastised by the many pro's on this board, for not being good enough to do this, but here goes.. I have opened a small position (2 contracts) on what TOS calls a double diagonal, straddle, strangle swap.. (go figure). Now, I am learning and would like to ask all the experts here what the pitfalls of this sort of position is and what sort of rules luse while employing this strategy. For references, I sold SPY SEP 126 call and put, and long DEC 123put and long DEC 129 call. The result: fairly neutral delta, pos. theta and BEP 120 ish and 135 ish. Any comments and suggestions appreciated.. Mahalo..