Calendar Put Spread Calculator
Search a symbol to visualize the potential profit and loss for a calendar put spread option strategy.
What is a calendar put spread?
NeutralLimited ProfitLimited Loss
A neutral to mildly bearish/bullish strategy using two puts of the same strike, but different expiration dates. If the stock is near strike A when the earlier call expires, you will be able to close it for a profit.
Use an at-the-money strike to make this strategy neutral, or a slightly out-of-the-money or in-the-money strike to give a bullish or bearish bias.
(also known as: Horizontal Put Spread)
- Sell a put at strike A
- Buy a put at strike A (further expiration)