Double Diagonal

Options Advanced NIFTY Options BANKNIFTY Options Stock Options

Neutral with Expectation of Gradual Movement

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Quick Reference

Strategy Type Diagonal Call Spread + Diagonal Put Spread Combined
Market Outlook Neutral with Expectation of Gradual Movement
Risk Profile Defined Risk with Calendar and Diagonal Elements
Reward Profile Time Decay + Potential Strike Adjustment Over Multiple Expiries
Time Horizon 2-6 weeks (Multi-expiry Strategy)
Capital Requirement Medium to High
Margin Type SPAN + Exposure (Complex Multi-leg)
Best Used When Expecting range-bound market with opportunity to roll short options across expiries

When to Use This Strategy

Expecting range-bound market with opportunity to roll short options across expiries

India-Specific Notes

Lot Sizes

NIFTY 25 units per lot
BANKNIFTY 15 units per lot
Stock Options Varies by stock

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