At-The-Money (ATM) Long Put Calendar Trading Setup (Strategy)
Below you'll find full details on the ATM Long Put Calendar Setup. At OptionAutomator we use the terminology "Options Setup" vs. "Option Strategy" as you may see elsewhere. Why the change in terminology? We believe that an options strategy is more than just selecting combinations of puts and calls.
This is a great setup for traders who are neutral or undecided in the direction of the stock and look to have time decay and volatility expansion working on their side.