We have changed our privacy policy. In addition, we use cookies on our website for various purposes. By continuing on our website, you consent to our use of cookies. You can learn about our practices by reading our privacy policy.
© 2016 Shmoop University, Inc. All rights reserved.

Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Calendar Spread


With a calendar spread, you buy one option at the same time you sell another option that has the same strike price but an earlier expiry. This spread lets you play around with due dates so that you can take advantage of different prices when options come due.