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diagonal call spread calculator

Diagonal Call Spread Calculator

The Diagonal Call Spread Calculator can be used to chart theoretical profit and loss (P&L) for a diagonal call position. Clicking on the chart icon chartbtn.gif on the Diagonal Call Spread screener loads the strategy calculator with the selected diagonal call.


A diagonal call spread is similar to a calendar call spread in that it consists of two calls with different expirations. The long call expires after the short call. The position will profit if the underlying security price does not change much. The value of the short leg will decay faster than the value of long leg. The long leg can be sold when the short leg expires.

The diagonal spread differs from a calendar spread because the strikes differ. A diagonal call spread can be structured to profit from either an increase or decrease in the underlying security price. The greater the spread between the strikes, the wider the range of profitability.

In this example, the green triangles break even show the break-even points as of August 20, when the near term leg expires. General Help with the calculator can be found here.

Data Provided by HistoricalOptionData.com
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