Published On: Wed, Mar 6th, 2013

Calendar Spread

A Calendar Spread is when derivatives such as futures and options are entered into a short and long position at the same time with the same underlying asset – but with the Calendar Spread they are entered into with different expiration dates or different delivery months.

The Calendar Spread is often called an Interdelivery, Interdelivey Spread, Horizontal Spread, or IntraTime Spread.  A Calendar Spread example would be having a short e-Mini Gold contract for the next month out, while also having a long e-Mini Gold contract with delivery expiration date six months out.

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About the Author

- Marcus Holland has been trading the financial markets since 2007 with a particular focus on soft commodities. He graduated in 2004 from the University of Plymouth with a BA (Hons) in Business and Finance.