I had to adjust the trade on Monday after the continued bullish movement. So I have added a 82 calendar to push the breakeven further away. If price continues to trend higher this week, I'll cry UNCLE and just get.
3/23 STO 1 SPY 82 Apr/May Call $1.46
Total max risk is $1031.
Monday, March 23, 2009
SPY Bearish Diagonal Spread Update #1
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