Thursday DIA Update

Saturday Call Registration 

I’m hearing from a few they didn’t get filled on the new DIA trade. We are going to raise the price to a 1.83 DEBIT 


Markets have recovered dramatically and are much higher on the day. The new DIA trade should have filled, if not keep working it. For those who have the original DIA trade the roll to next week filled on the open at 1.40.

We are going to roll the SPY Calls from Friday to Monday. We will wait on the Puts until later today or tomorrow

SPY Call Roll
Buy to close 4 March 22nd 284 Calls
Sell to open 4 March 25th 284 Calls
Total for the trade a credit of .26


The FED announced their decision on rates Wednesday and to the surprise of no one they did nothing. Markets exploded higher before closing lower. The next couple of days will go a long way in determining if we have seen the near term highs or we make new highs.

We have basically made all adjustments for the week our new DIA which has filled for some but not for the majority. Today we will try and complete the SPY put side of the Double Diagonal, we only sold 2 yesterday. We will also adjust the DIA for those who have not entered the trade

DIA Double Diagonal
If you entered this trade already we will roll to March 29th
Buy to close 4 March 22nd 261 Calls
Buy to close 4 March 22nd 255 Puts
Sell to Open 4 March 29th 261 Calls
Sell to open 4 March 29th 255 Puts
Total for the trade a credit of 1.35

If you have not entered this trade we have changed it and everyone should be able to enter. The new trade for those who are not it is below


Open Positions

VXXB
Long 2 March 29th 28.5 Calls
Short 2 March 22nd 28.5 Puts
Long 2 March 22nd 27 Puts

NUGT
Long 4 May 17th 24 Calls
Long 4 May 17th 16 Puts
Short 4 March 29th 22 Calls
Short 4 March 29th 18 Puts

GLD
Long 4 May 17th 127 Calls
Long 4 May 17th 119 Puts
Short 4 March 29th 125 Calls
Short 4 March 29th 121 Puts

SPY-
Long 4 April 18th 287 Calls
Long 4 April 18th 273 Puts
Short 4 March 22nd 284 Calls
Short 2 March 22nd 276 Puts

QQQ –
Long 4 April 18th 180 Calls
Long 4 April 18th 168 Puts
Short 4 March 29th 178 Calls
Short 4 March 29th 170 Puts

IWM-
Long 4 April 18th 163 Calls
Long 4 April 18th 153 Puts
Short 4 March 29th 161 Calls
Short 4 March 29th 155 Puts