Long calendar vs short calendar
Definition · Level 4 · Naked options
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On most desks the debit version, where you own the later month, is the long calendar, and the credit version is the short or reverse calendar. Labels vary by platform, so ask which month is long.
Example
“Long the March/April calendar” usually means long April, short March.
Where Tradecraft teaches it
Level 4 · Naked options, in the lesson “Credit calendars & reverse diagonals”: Structures that look hedged but are not where it counts, and the long/short calendar naming trap.
Related terms
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