Originally Posted by
Gunfighter
For a second attempt, consider this double diagonal
-Sell FEB RMO strangle 15/40
-Buy MAY RMO strangle 12.5/45
-Net Debit of $2.70
*Reminder, this is like flying advice from a 12yo pilot playing MS Flight Sim. DYODD, YMMV, Objects in mirror are closer than they appear, You're about to become the bug on the windscreen. (YABBOW)
Effectively a very wide Iron Condor(my term) Would lower the cap requirement over 2 separate trades and maybe a better ROC?
IDKWTF a double diagonal is but I get what you are throwing down