Options Lesson: Real Life Call Diagonal spread DIA.

Options explanation of a DIAGONAL. This is not a trade alert from here!!!

This is a real life example of my DIA trade this week.

It is a picture perfect successful Diagonal: These are a directional bet.

> DIA: I bought the 12/28 256 calls and

> I also sold 257 calls for 11/30 expiration against them.

Net result is a call diagonal spread.

>> The .31 i collected from the sale of today's calls went to max gains for me. So in essence I only paid 3.29 for my 12/28 calls which are now almost $4.

>>> Now I can close the whole thing for profit...

--- OR risk the Monday open. If DIA spikes then these calls will explode in value. Else I have some room to lose without much heartache.


Posted to Create Income with Options … on Nov 30, 2018 — 2:11 PM

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