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Strategies & Market Trends : Gersh's Option trades
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To: kaka who wrote (95)10/12/2004 1:24:16 PM
From: KB  Read Replies (1) of 652
 
Sorry for the late reply. A double diagonal means both call and put spread positions are in place. With the QQQs at 35.50 today, a DD play might be to buy the put spread - jan34/nov35 for about .25 and the call spread - jan37/nov36 also for about .25. ideally both the nov35p and nov36c expire worthless and then either the jan long options are sold, or re-establish the DD position by selling the dec35p and the dec36c. as you can imagine, there are endless variations.

KB
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