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July 8th, 2008 at 4:40 pm
K1 – I’m on board as of today on both double diagonals, although I centered my IWM around 67 strike after todays move. I had to "force" myself not to leg in or second guess and spin it with some bull/bear bias but in the end it was like hitting the "easy" button. Nice work. Only thing I can think of that will need attention is around expiration. Since both are American style, I’d guess there maybe greater likelihood of assignment on the short puts if they’re ITM.