Diagonals and Double Diagonals

Diagonals and Double Diagonals are some of the most under-rated Advanced strategies.

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They are Time spreads or Horizontal Spreads, and positions have different expiry series. Diagonals and Doubles are also Theta positive and Vega positive, just like Calendars and Double Calendars. Diagonals have the ability to create situations with a very High Reward to Risk ratio, even as much as 5 to 1 in specific circumstances. Mastering these strategies is a MUST for all Option traders.

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