Trade Adjustment : DIA

Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA

Option Strategy: double calendar
Price at trade entry: $153.60
Price at this post: $155.00

Adjustment: Upside stop hit. Closing out the call calendar and buying back the short put. If DIA continues higher next week, we'll likely add a new call calendar. Otherwise, we'll play the remaining position to the downside.

Trade Adjustment Details:[private_monthly]
STC 2 DIA Nov13 157 calls
BTC -2 DIA SepWk5 157 calls
for a min net credit of $1.40 per contract (day order, limit order) The mid is currently at $1.47
then,

BTC -2 DIA SepWk5 148 puts
for a max debit of $0.08 per contract (day order, limit order). Mid is currently at $0.06.

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