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Define: Calendar Spread

Calendar Spread is a form of options trading strategy that utilizes options of various expiration months.

The term "calendar" comes from the fact that options expiring in different calendar months are used. Calendar spreads typically buy options of one expiration month and writes options of another expiration month as an offset and are typically either neutral or volatile strategies. Calendar spread is not a single options strategy but a class of various options strategies.

Read the full tutorial on Calendar Spread.