Box spread - A four-sided option spread that involves a long call and a short put at one strike price as well as a short call and a long put at another strike price. Example: buying 1 XYZ May 60 call, and writing 1 XYZ May 65 call; simultaneously buying 1 XYZ May 65 put, and writing 1 May 60 put.
Box spread : a four-sided option spread that involves a long call and a short put at one strike price as well as a short call and a long put at another strike price. example: buying 1 xyz may 60 call, and writing 1 xyz may 65 call; simultaneously buying 1 xyz may 65 put, and writing 1 may 60 put.
Box spread