---
title: "ETF 2-Days Up Diagonal"
slug: "etf-2-days-up-diagonal"
description: "Discover the \"Post Earnings: Short Put Spread\" strategy, a custom trading approach designed to capitalize on stock movements after earnings announcements. Learn the open and close conditions, earnings handling, and specific options selections for effective post-earnings trading."
tags: ["Post Earnings Short Put Spread", "Post-Earnings", "Earnings Trading", "Simple Moving Average", "Moving Averages", "Delta", "Put Options", "Market Analysis Techniques", "TradeMachine Features"]
updated: 2026-06-01T19:27:22Z
published: 2026-06-01T19:27:22Z
canonical: "learn.trademachine.com/etf-2-days-up-diagonal"
---

> ## Documentation Index
> Fetch the complete documentation index at: https://learn.trademachine.com/llms.txt
> Use this file to discover all available pages before exploring further.

# ETF 2-Days Up Diagonal

This is a discussion of the "[ETF 2-Days Up Diagonal](https://www.trademachine.com/index.php?share_key=s_20260601_sECOqC2hHSGNagxh)" strategy.

The goal of this strategy is to make a bullish speculation once an index or sector has shown two strong consecutive up days.

### Overview

- ETF 2-Days Up Diagonal utilizes a custom strategy which is labeled "CML_Diagonal_50-30_14-7dte" under the custom strategy dropdown menu.
- 2 legs

### ETF 2-Days Up Diagonal Strategy Settings

#### ETF 2-Days Up Diagonal Open Conditions:

- On a scale of 1 to 5 (best) the minimum liquidity for an option trade is 4
- Yesterday, the stock moved up 0.75% or more
- On the day, the stock moves up 1% or more

![Image](https://cdn.document360.io/b73389a5-b202-4bf4-8df2-8c69e8edbb3b/Images/Documentation/image(258).png)

#### Details on Options TradeMachine is Selecting for ETF 2-Days Up Diagonal Strategy:

- 1x **long 50 delta** call near **14 days to expiration**
- 1x **short 30 delta** call near **7 days to expiration**

![Image](https://cdn.document360.io/b73389a5-b202-4bf4-8df2-8c69e8edbb3b/Images/Documentation/image(257).png)

#### Earnings Handling for ETF 2-Days Up Diagonal Strategy:

- [Nothing Special](/v1/docs/earnings-and-trademachine)

![Image](https://cdn.document360.io/b73389a5-b202-4bf4-8df2-8c69e8edbb3b/Images/Documentation/image(255).png)

#### ETF 2-Days Up Diagonal Close Conditions:

- Options reach expiration (Close all legs with front month options)

![Image](https://cdn.document360.io/b73389a5-b202-4bf4-8df2-8c69e8edbb3b/Images/Documentation/image(260).png)

#### Open next trade for ETF 2-Days Up Diagonal:

- [At Normal Time](/v1/docs/what-does-the-and-open-next-trade-at-normal-time-and-re-open-immediately-mean)

![image.png](https://cdn.document360.io/b73389a5-b202-4bf4-8df2-8c69e8edbb3b/Images/Documentation/image%2871%29.png)