Directional Strategy
Diagonal Spread Calculator
Calculate potential returns for diagonal spreads. Combine different strikes and expirations for directional trades with income potential.
BullishLimited RiskLimited Reward
A diagonal spread combines different strike prices AND different expirations. Buy a longer-term option at one strike and sell a shorter-term option at a different strike. It combines elements of both vertical and calendar spreads.
Spread Configuration
Current price: $100.00
Long Option (Longer-Term)
Short Option (Near-Term)
Payoff at ExpirationStock Price vs Profit/Loss
Current: $100.00
Breakeven: $102.00
Max Profit
$600.00
Max Loss
$700.00
Trade Summary
Net Debit$700.00
Max Profit$600.00
Max Loss$700.00
Breakeven$102.00
Diagonal spread P&L depends on IV changes. This shows approximate values at front-month expiration.
Net Debit
$700.00
Breakeven
$102.00
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