Double Diagonal – Neutral Strategy The Double Diagonal is a neutral stock options strategy. The Double Diagonal strategy is similar to an Iron Condor and can be considered a combination of a Calendar Call spread and a Calendar Put spread. The Calendar Put spread portion of the Double Diagonal is entered by selling an out-of-the-money put option and purchasing a further out-of-the-money put option having an option expiration further out in time.
Transocean Option Volume Transocean’s (RIG) stock option volume was off-the-chart yesterday. Transocean is in the offshore oil and gas service business. Transocean operates deepwater rigs for drilling oil and gas wells.
GDP… The U.S. GDP (Gross Domestic Product) was announced as 5.7% for the fourth quarter of 2009 and the stock market immediately celebrated the good news by jumping up and then back down.