Double Diagonal Calculator
Search a symbol to visualize the potential profit and loss for a double diagonal option strategy.
What is a double diagonal?
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.
- 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)