You can find information about double diagonals on page 128 of the Options Playbook, or you can always find it on OptionsPlaybook.com.
In this episode, Brian discusses:
- Will the Fed increase rates the next time they meet?
- How can using double diagonals take advantage of the probability of the Fed increasing rates?
- Structuring the double diagonal to wrap around the news from a timing point of view
- What about volatility?
- Setting up the trade
- What do we want to happen?
- What is the biggest thing to worry about?
