OPENING: GDX SEPT 21ST 19 LONG/MARCH 29TH 22 SHORT PUT DIAGONAL

... for a .03/contract credit.

Another small, defined risk neutral to bullish assumption directional a la the XOP diagonal I just put on. (See Post Below).

As with the XOP trade, shooting for the long maintaining at least 50% of its value at expiry of the shortie at or near worthless or (alternatively) its value exceeding the value of the shortie by .32/contract at some point.

交易進行:

Rolling the March 29th 22 short put to the April 20th 22 short for a .19/contract credit on this weakness, as well as to wrap up March setups. Cost basis .22/contract credit.

交易進行:

Rolling the April 20th 22 shortie out to May for a .24/contract credit on this little bit of weakness here, as well as the short's having lost about 47% of its value. Cost basis: .46/contract.

交易進行:

Rolling the May 18th 22 short to the June 15th 22 for a .19 credit on 50% loss of value; cost basis: .65/contract.

交易進行:

Rolling the entire diagonal up one strike to the June 15th 23/Sept 21st 20 for a .23/contract credit. Keeping the risk the same while drawing in maximum extrinsic value by going straight at-the-money with the short put. Scratch at .88/contract.

交易進行:

Now selling a call diagonal against -- the June 15th 23 short/Sept 21st 26 long call diagonal for a .26/contract credit. Scratch in what is now a "double diagonal" is 1.14. I'll proceed to roll the short straddle aspect (the 23/23) on 25% decrease in value and will continue this is in a new, cleaned up post.