Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: [private_monthly]double calendar[/private_monthly] Price at trade post: $68.25 Reasoning: We’re putting on a [private_monthly]double calendar here that works in tandem with our double diagonal on DIA. [/private_monthly]This is a delta neutral trade with a slight downside bias (currently at -14.73) with a positive theta of 3.20 and […]
Double Calendar Spreads are a type of debit spread that results in a strategy that is delta neutral, positive theta, and positive vega. Like an iron condor, this strategy is best applied when you believe the underlying won’t move much / is range bound. However, unlike an iron condor, this strategy increases in value with […]