Options Trading - Calendar Spread Course for Every Trader

Explore free options 101 basics, including call and put strategies and standard deviation pricing, plus calendar spread insights, before you continue the course.

Explore calendar spreads, a time or horizontal spread that sells the front month and buys the back month of the same strike to profit from time decay.

Learn a non-directional calendar spread from start to finish, using two contracts with stepwise adjustments to expand from double to triple calendars, and manage break-even points and profit zones.

Compare single, double, and triple calendar spreads, explain risk, time decay, and vega dynamics, and show how starting with a single calendar lets the market tell you when to adjust.

Compare iron condor and calendar spread as non-directional, time-decay strategies; calendar spread benefits from higher volatility (vega), while iron condor may incur losses when volatility rises or markets crash.

Prioritize liquidity and low commissions when trading calendar spreads, choosing the most liquid money options and buying the front leg while selling the back leg to expiry.

Maintain a one-to-one risk-reward in calendar spreads, exit one to two weeks before expiry to avoid assignment, and manage adjustments and commissions to protect profits.

Enter a calendar spread by choosing a call or put calendar, selling the front leg and buying the back leg, then manage and adjust before expiry.

Learn how to manage and adjust a calendar spread by starting with a single calendar, reacting to market moves, and converting to double calendars to adjust risk.

Adjust from a double calendar to a triple calendar by adding and closing calendar contracts to widen the break-even while managing risk and stop losses.

Set a calendar spread exit plan: stop loss 15–20% of $400 max, a fixed $80 profit target, and exit two weeks before expiry or at break even to avoid assignment.

Watch a live calendar spread trade demonstration, selecting liquid options, sizing two contracts, and outlining risk management and adjustment strategies as the market moves.

Learn how to auto adjust a calendar spread using contingency orders, with break-even targets and level-based triggers at around 140 to 142, and implement gtc market orders.

Watch a live IWM calendar spread trade update demonstrating automatic contingency orders, dynamic adjustments, and strategic open/close decisions to manage risk on price moves.

Learn a closing update on an IWM calendar trade, including transitioning from a calendar spread to a double calendar, managing profit targets, stop losses, and closing on Mondays before expiry.