Replies to post #17630 on Cycle Trading

[JLS]

Name boo-boo,

Company showed up as I was writing the post so I had to quickly finish and send it without proofreading.

Now that company is gone and I check what I put out, I see it's totally wrong.

What I set up is not an options Straddle. I have no idea why I typed that. The correct term is Diagonal.

So, the name of the whole trade with the $85 Calls a bought on WDC a week ago (and which expire in mid-May) and the $90 Calls that I sold today (and which expire tomorrow) is called a Diagonal Bull Call Spread.