Leaderboard

I roll when (a) I can do so and lower the cost (as in here) ( when I feel the market is nearing a top and © when my margin is getting out of control and I'm losing available cash on other trades.

It's the total of everything I've done -- I just download from TDAmeritrade the spreadsheet of all SPY trades since 6/20. If you're asking what the denominator was, it was total amount invested on the longs. I actually doubled up the position a few weeks in. For example, I had 20 long contracts to start and 3 weeks later had 40 -- so I counted the "cost" as the total 40.

Yep, no I know. Just wondering what metric you like to use for rolling diagonals since we are more liberal with them. I am looking to roll my 164/165s at around 177

I am much more liberal with the diagonals in this forum because its a very different style of trade. This trade is meant to be income producing and bears much more risk than the anchor trade. The purpose of the trade is different. The ONLY purpose of the diagonal spread in the anchor side of things is to hedge the long stock/etf holdings and grow over time with minimal risk. This trade carries a higher degree of risk and is meant to be income producing. So while I am nearing a roll point for the anchor strategy, its not quite there yet.