When doing option trading, there are so many possibilities and combinations of options that we could buy and sell. A lot of these trades have some pretty exotic names. With a diagonal spread, we are buying and selling calls at the same time or buying and selling puts at the same time. The strike prices are different and the expirations are different. I am not going to use any examples that would require approval of level 5 which would be uncovered calls. This is not something that most brokers allow […]