Nice week with the diagonals as they increased my accounts 9.5% this week.
NOV Bullish Diagonal
On Monday I rolled the NOV longs up and added 5 additional contracts. The trade was -8 May 65 Calls/+13 May 75 Calls for a 20.30 credit. Strictly following Matt's rules would have allowed me to add even more contracts, but I decided to reduce the overall risk instead. After the trade Monday NOV promptly fell the next 2 days so on Wednesday I sold 13 Mar 80 calls for 1.73 credit. Thursday NOV then rose over two points, then today it dropped 1.59 so it has been a roller coaster this week. Profit currently stands at 593%.
XLE Bullish Diagonal
XLE traded down on Tuesday and Wednesday and I covered the position by selling 5 Mar 76 calls for 0.71. Overall profit is now 360%.
UA Bullish Diagonal
UA moved up 10% this week and on Tuesday I was able to roll the long call up and add an additional contract for a 0.30 debit. Now I have 4 Jul 60 calls for around a 5 debit. Profit now stands at 196%.
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