IV Calendar Comparison
In a calendar strategy, you sell the near-term option with higher IV and buy the longer-term option with lower IV. This setup benefits from faster time decay in the short leg while the long leg retains more value.
Type
ATM Straddle
ATM CE
ATM PE
Strikes
CE PE Strikes
24500CE
24500PE
24450CE
24450PE
24550CE
24550PE
24400CE
24400PE
24600CE
24600PE
24350CE
24350PE
24650CE
24650PE
24300CE
24300PE
24700CE
24700PE
24250CE
24250PE
24750CE
24750PE
24200CE
24200PE
24800CE
24800PE
24150CE
24150PE
24850CE
24850PE
24100CE
24100PE
24900CE
24900PE
24050CE
24050PE
24950CE
24950PE
24000CE
24000PE
25000CE
25000PE
23950CE
23950PE
25050CE
25050PE
23900CE
23900PE
25100CE
25100PE
23850CE
23850PE
25150CE
25150PE
23800CE
23800PE
25200CE
25200PE
23750CE
23750PE
25250CE
25250PE
23700CE
23700PE
25300CE
25300PE
23650CE
23650PE
25350CE
25350PE
23600CE
23600PE
25400CE
25400PE
23550CE
23550PE
25450CE
25450PE
23500CE
23500PE
25500CE
25500PE
23450CE
23450PE
25550CE
25550PE
23400CE
23400PE
25600CE
25600PE
23350CE
23350PE
25650CE
25650PE
23300CE
23300PE
25700CE
25700PE