Double Diagonal Calculator

Search a symbol to visualize the potential profit and loss for a double diagonal option strategy.

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What is a double diagonal?

NeutralLow VolatilityLimited ProfitLimited Loss

A combination of a diagonal call spread and a diagonal put spread. It can also be thought of as an iron condor stretched across two expirations.

As time passes, the profitability range will increase.

ABCDProfitLossStock Price (at expiration)
  • Buy a put at strike A (further expiration)
  • Sell a put at strike B
  • Sell a call at strike C
  • Buy a call at strike D (further expiration)