Recent content by artbos

Is what I am describing considered a double diagonal?

I understand, the position is combining a leveraged covered call with a leveraged covered put using ATM strike price for the stock replacement and taking advantage of offsetting positions to preserve capital.

Long Positions IWM Mar 17 2017 109.00 Call @ $7.63 IWM Mar 17 2017 109.00 Put @ $9.12 Short Positions IWM Apr 22 2016 110.00 Cal @ $1.52 Iwm Apr 22 2016 108.50 Put @ $1.97 Intent is to roll the short positions as close to expiration as feasible and close the whole position when the Long...

Hi, does anybody have experience trading long box spreads as a diagonal using ATM long call & put over 1 year to manage theta while rolling shorts? I understand vega is the risk. Assuming VI is at or below historical is this a viable approach to generating income systematically? Thinking of...