here's the P/L projection for my MU double calendar. I need MU share price to slip toward the $31 strike and stay there deep into next week. If it settles around $33 I will make a little and if it slides down below $29.80, I will start to lose money, although loss will be limited to the original $0.23 debit. Max P on expiry day if it will get on the $31 is $1.10!
There's something to be said for getting these set up to play out at the expiry after the ER...calendars and diagonals are always a waiting game - the less wait, the better.
http://screencast.com/t/y01wjQ8kz7H
There's something to be said for getting these set up to play out at the expiry after the ER...calendars and diagonals are always a waiting game - the less wait, the better.
http://screencast.com/t/y01wjQ8kz7H
"If The Fool persists in his Folly he will become wise." - William Blake