Double diagonals are a combination of iron condors and double calendars. We've recommended both double diagonals and iron condors; the one thing we haven't done yet is recommend the double calendar piece by itself -- until now. Double calendars are vega positive just like double diagonals and also benefit from stock price movement near one of the short option strikes, but are much more forgiving if the stock moves more than expected above one of the short strikes. Read More

With the VIX dropping to 12, the Amazon double diagonal (which is vega positive) has not met our 125% of net debit profit target, so it's time to roll before the company's earnings announcement and turn our double diagonal into an iron condor. The additional credits collected will recoup our initial debit cost and more. Read More

This range-bound software stock is perfect for our neutral DD strategy. Read More

The short option strikes of our double diagonal are completely out-of-the-money and have little time value left. However, the Biogen trade has not met our 125% of net debit profit target, so it's time to roll and collect additional credits to further reduce the overall cost and risk of the trade while maintaining the original dollar profit potential. Read More

Cubic has performed well since we entered the trade, rising above our expiring short July $65 call strike, so it's time to close out the diagonal call spread and lock in our substantial gain. If Biogen does not close out at our recommended exit credit by the close of trading on Thursday, we will issue roll instructions on Friday. Read More

The Federal Reserve will announce if they are going to cut interest rates on July 31st and we expect the market will be range-bound until that time. Read More