This is the rolled position of the diagonal spread. The long call of the diagonal spread is strike $235, DTE 21 Feb. Therefore, the rolled position is actually converting the diagonal spread into a calendar spread.
I have chosen the strikes and DTE based on the considerations of delta, theta and the cost of the roll. So, overalll, the rolling gives me a credit of about $0.12 ($2.27-$2.12).
Happy with the rolling. :)
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 2.27 1Lot(s) | +13.66% Holding |
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- FrancesWesley·10:31Sounds like a solid strategyLikeReport