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Quotes of the day:
If we want a love message to be heard, it has to be sent out. To keep a lamp burning, we have to keep putting oil in it.
A horizontal spread (more commonly known as a calendar spread) is an options or futures strategy created with simultaneous long and short positions in the derivative on the same underlying asset and the same strike price, but with different expiration months. The goal is usually to profit from changes in volatility over time or exploit fluctuation in pricing from short-term events. The spread can also be used as a method for creating significant leverage with limited risk.
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