What a year!

This year trading credit spreads has been really tough for any trader. Two years ago, the Dow hardly moved 400 points in one month. Now you see that kind of movement in one day. The short strike of any position easily is tested in matter days. With the volatile market I decided to use a low risk diagonal to hedge against any downside.

On 10/24 BTO 50/52 Nov/Dec Call Diagonal. Max risk was $7 on the downside and $207 on the upside. Right now its sitting pretty with less than two weeks to go.