Strategy, Approach and Statistics

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Friday, February 3, 2012

Alert 37: SPY Diagonal Put Spread

SPY Diagonal Spread at a Debit of $2.44

(Sell FEB 10 '12 135 Put
Buy FEB 17 '12 138 Put)

Comments: Do not open this position if you think that portfolio is Put biased. Market is all about risk, and I do believe that SPY will face resistance at 135. This will be the 5th open position leaving 45% of the portfolio in cash. I am putting money where my mouth is.



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Posted by at 12:34 PM

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