Not financial advice. Options involve risk and are not suitable for all investors. Data is delayed up to 15 minutes.
Double Calendar Calculator
Time & DiagonalneutralDefined Risk
Sell near-term call and put options while buying longer-dated options at matching strikes.
What Is a Double Calendar?
Sell near-term call and put options while buying longer-dated options at matching strikes. This strategy has a neutral outlook and defined risk.
Setup
SELL1x OTM2 PUT
BUY1x OTM2 PUT
SELL1x OTM2 CALL
BUY1x OTM2 CALL
Max Profit
Highest near either short strike before front expiration
Breakeven
Depends on IV and time value