Trade Journal
I sat out most of the week because I was transferring my brokerage account from TD Ameritrade to Interactive Brokers (referral link). It took 3 days to move everything over and today (Thursday) I made my first diagonal options trade. I bought a Jul 21 MSFT $405 put and sold a Mar 21 MSFT $410 put. The plan is to hold the July put till about June and sell weekly puts to get premium.
MSFT price chart
This trade is only risking $500 and I’ll execute this plan until I feel ready to dial up the risk. I’m doing this diagonal credit spread because I believe MSFT will move higher.