Mechanics
·
9 min
Calendar spreads
Same strike, different expirations. Theta arbitrage with a vega tilt. The only easy way to be short time and long volatility at the same time.
In this lesson
- The construction
- What the position is really betting on
- When the calendar fits
- Why calendars are harder than they look
- Management
Read the full lesson in the app
The complete lesson, with worked examples, callouts, and a quiz to test yourself, is in Iron Condor Options.
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