Opening (Margin): IWM April 6th/June 16th Double Die... for a 57.79 debit.
Comments: Doing something a little funky here -- a double diagonal.
The best way to look at this setup is by breaking it down into two aspects: (a) a long call diagonal, with the back month at the +90 delta strike, the front at the -30; and (b) a long put diagonal, with the back month at the -90 delta strike, the front at the -30.
I tend to manage each aspect separately, taking profit on the winning side, while simultaneously looking to reduce cost basis on the losing one, so it's important to know where my break evens are for a given side.
Long call diagonal aspect:
39.42 cost basis, 169.42 break even, 44 wide.
Long put diagonal aspect:
18.37 cost basis, 170.63 break even, 25 wide.
