What do double calendar spreads and the Fall of Constantinople have in common? More than you might think.

On this episode of Options Boot Camp, Mark Longo and Dan Passarelli use a memorable historical analogy to explain one of Dan's favorite advanced options strategies: the double calendar spread.

The discussion covers:

What a double calendar spread actually is
Why it can be viewed as a "strangle swap"
How Dan structures weekly double calendars
When he typically enters and exits the trade
Why wider breakevens aren't always guaranteed
A recent SPX double calendar example
Managing profits and avoiding common mistakes

Then it's time for listener questions covering:

Selling cash-secured puts versus covered calls near market highs
Trading calendars and diagonals during earnings season
Whether buying options into earnings still makes sense
Scaling into positions
Weekly SPY options and whether traders are sacrificing edge for more opportunities

Options Boot Camp 402: Double Calendars and the Fall of Constantinople

The Options Insider Radio Network

Options Boot Camp 402: Double Calendars and the Fall of Constantinople