Mechanics
·
9 min
Diagonal spreads
A vertical spread and a calendar in one structure. Asymmetric exposure with theta financing. The "poor man's covered call" lives here.
In this lesson
- The construction
- The "poor man's covered call"
- When the diagonal fits
- Management
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The complete lesson, with worked examples, callouts, and a quiz to test yourself, is in Iron Condor Options.
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