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This Month’s Meeting Topic: The Double Diagonal Strategy
Team,
This month we will be covering a strategy requested by many members of the group: The Double Diagonal.
The Double Diagonal is a very interesting options income strategy that combines a call diagonal spread and a put diagonal spread at the same time.
Think of it as being similar to an Iron Condor — but instead of selling and buying options in the same expiration cycle, we use different expirations.
The goal of the strategy is to:

  • Generate income by collecting time decay (theta) from the short options
  • Benefit from a range-bound market
  • Use longer-term options as protection
  • Create the opportunity to repeatedly sell short-term options against the longer-term positions

At our meeting, we will walk through:
✅ How the strategy is constructed
✅ Selecting strikes and expirations
✅ Managing winners and challenged positions
✅ Adjustments and exits
✅ Practice examples using different setups
The meeting will be held live at the Total Wine conference room and will also be recorded for those who cannot attend.
Time: 6:00 PM – 7:30 PM
After the meeting, everyone is invited to join us for an informal get-together at Miller’s Ale House, located right next door.
This is always a great opportunity to meet other traders, exchange ideas, ask questions, and continue the conversation in a relaxed setting.
Hope you can make it!
Brian
Zoom Link:
https://us02web.zoom.us/j/86915568009?pwd=5ZF9eYpuDBQKKsCvxhzZCi3B5xgleb.1

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