Not financial advice. Options involve risk and are not suitable for all investors. Data is delayed up to 15 minutes.
Double Diagonal Calculator
Time & DiagonalneutralDefined Risk
Combine bullish and bearish diagonals by selling near-term OTM options and buying farther-dated wings.
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What Is a Double Diagonal?
Combine bullish and bearish diagonals by selling near-term OTM options and buying farther-dated wings. This strategy has a neutral outlook and defined risk.
Setup
BUY1x OTM3 PUT
SELL1x OTM1 PUT
SELL1x OTM1 CALL
BUY1x OTM3 CALL
Max Profit
Depends on time decay, IV, and price near the short strikes