Diagonal Spread Definition(대각선 스프레드 정의)

Diagonal Spread Definition(대각선 스프레드 정의)

Posted By: Steve Burnson: 

 

A diagonal spread options play is a modified calendar spread that is built with different strike prices. It is opened by entering into a long and short position in two options of the same type at the same time. An option trader can use two call options or two put options but they must have different strike prices and also expiration dates must be different.

대각선 스프레드 옵션 플레이는 행사가가 다른 수정된 캘린더 스프레드입니다. 같은 타입의 2가지 옵션에 롱 포지션과 숏 포지션을 동시에 진입하여 오픈합니다. 옵션 거래자는 2개의 콜옵션 또는 2개의 풋옵션을 사용할 수 있지만 행사가와 만기일이 달라야 합니다.

This option play can be opened when the trader has a bullish or bearish sentiment using the structure and the options to express the belief about future price action. 

이 옵션 플레이는 거래자가 미래 가격 행동에 대한 믿음을 표현하는 구조와 옵션을 사용하여 강세 또는 약세 감정을 가질 때 열릴 수 있습니다.

Diagonal spreads let traders create an option trade structure that reduces the effects of time decay and also takes a bullish or bearish directional position.

대각선 스프레드는 거래자로 하여금  시간 쇠퇴의 영향을 줄이고 강세 또는 약세 방향 포지션을 취하는 옵션 거래 구조를 만들게 한다.

Below is an example of a diagonal call spread when an option trader sells a near-term out-of-the-money call and then buys a longer-term call that is further out-of-the-money.

대각선 스프레드를 통해 거래자는 시간 쇠퇴의 영향을 줄이고 강세 또는 약세 방향 포지션을 취하는 옵션 거래 구조를 만들 수 있습니다.

If the stock falls, the maximum loss is capped to the debit paid to open the trade. At times the near-term option is sold for a higher price than the longer dated option.

주식이 하락하면 최대 손실은 거래를 시작하기 위해 지불한 차변으로 제한됩니다. 때때로 단기 옵션은 장기 옵션보다 더 높은 가격에 판매됩니다.

In this example there isn’t a loss on the downside and if the stock is below both call strikes at expiration, they will both expire worthless and the option play would be profitable by the total sum of the credit received for opening the trade.

이 예에서 하락에 대한 손실은 없으며 주식이 만기 시 두 콜 행사가 모두 아래에 있으면 둘 다 무가치하게 만기가 되며 옵션 플레이는 거래를 시작하기 위해 받은 신용의 총액만큼 이익을 얻을 것입니다.

If the stock goes higher, the most that could be lost to the upside would be equivalent to the difference in the two strike prices plus/minus the option premium paid/received.

주가가 상승하면 상승으로 잃을 수 있는 최대 금액은 지불/수취한 옵션 프리미엄을 뺀 두 행사가의 차액과 같습니다.

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