r/options • u/Time-Shop-2619 • 15h ago

Custom Spred Builder / Double Calander - WEBULL

Hello,

I am trying to use double calendar spread on Webull however could not find it in the list of available strategies. Does anyone know how to trade double calendar on Webull? Also does Webull offer custom spread builder so one can choose legs manually to build double calendar?

I absolutely love the app and thinking about moving other accounts to Webull but this can be deal breaker. I have IKBR and TOS and they offers this option however I am not big fan of their mobile application. Anyone knows if Robinhood or Moomoo has custom spread builder?

Thanks in advance!

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1

u/Perdigao511 13h ago

wait how does the double calendar work here

2

u/Civil-Woodpecker8086 10h ago

Sell 2, buy 2 that expires later than the shorts. Example:

-1 150c 9/11 & +1 150c 9/25

-1 130p 9/11 & +1 130p 9/25

Plenty of examples on YT on this strategy. If I remember correctly, if the long price are not the same as the short, it's a Diagnal Spread... Too many (strategy) names to remember.

1

u/Time-Shop-2619 3h ago

Its when you sell a shortterm call and put (front month) and buy a longer term call and put (back month) at different strike prices.It profits from time decay as the near-term options expire worthless, while the underlying stock remains range-bound between your strikes...hope it makes sense. If not search double calendar on YT. :)