why use diagonals and calendars? $MU for ex: I am short and not worried on this pop. Here is the scenario why. A while back I bought Oct 50 puts and they went very green. In addition, I sold at 3x shorter term puts for .8 each. AND today i sold a 3xbatch. So my cost is down to 2.5 (maybe a little lower). as of close today it was at 5.9. So I dont need to panic. still green.