Trade Alert: Portfolio 2 — Clean Up Front-Month + Take Profit on the 11-Wide

Quick $50 profit on the 11-wide diagonal. All May 15 front-month risk cleared. 1-2-0 Put Ratio from yesterday still working. BP freed, book cleaner. Date: April 22, 2026

TonyB Commentary

“Clean Up the Book, Free the Capital, Wait for the Better Pitch”

Yesterday, we deployed a more capital-intensive bullish 1x2 put ratio spread, designed to complement the three bullish call diagonals we’ve layered in over the past few sessions. The idea was to add another dimension of bullish exposure while taking advantage of elevated volatility.

Today, we took a quick $50 profit on approximately $850 of risk on the 11-wide diagonal, while leaving our widest diagonal in place to maintain upside participation.

In addition, we closed all front-month risk, which meaningfully freed up buying power and improved our overall portfolio flexibility. This allows us to stay nimble and better positioned for the next opportunity.

With volatility still elevated, I believe we will have ample opportunities to redeploy capital at more favorable levels, rather than forcing trades in less optimal conditions.