Disliked... I may need to trade TLT with no bias, look at double diagonals...Ignored
So, he is doing put BWB for credit, no upside risk...$500 margin req. Maybe just to wide for my taste.
Very similar combo I have on IWM, if you remember TF... I financed $1 wide put spread by another, OTM $3 wide put spread.. al done for credit. IWM is now more up than it was before, and yet this bearish trade is positive.
Both trades have something similar with diagonals... sensitivity to large moves in your direction, and no risk i another direction. But, I don't have time now for discussion, it could be interesting to compare.. like you have max profit on diagonals in last days, it is gamma sensitive, dynamic b/e points and so on, while I think combo of debit and credit spread is more simple... but 2x the comms...
Hope is dangerous in this game.