{"id":198518,"date":"2021-05-03T07:41:00","date_gmt":"2021-05-03T11:41:00","guid":{"rendered":"https:\/\/ibkrcampus.eu\/campus\/glossary-terms\/box-spread-2\/"},"modified":"2025-06-25T15:53:08","modified_gmt":"2025-06-25T15:53:08","slug":"box-spread-2","status":"publish","type":"glossary-terms","link":"https:\/\/www.interactivebrokers.eu\/campus\/glossary-terms\/box-spread-2\/","title":{"rendered":"Box Spread"},"content":{"rendered":"<p>An option strategy that involves simultaneously buying and selling two synthetics in identical numbers at different strike prices. A box spread includes a long call and a short put at one strike price, and a short call and a long put at another strike price.<\/p>\n<p>For example:<\/p>\n<ul>\n<li>Buy 1 April02 95 call<\/li>\n<li>Sell 1 April02 95 put<\/li>\n<li>Sell 1 April02 100 call<\/li>\n<li>Buy 1 April02 100 put<\/li>\n<\/ul>\n<p>Long Box Spread Buy a long call and a short put with the same strike price and sell a long put and a short call with the same strike price. In a long box spread, the buy side strike price is lower than the sell side strike price. All components must have the same\u00a0expiry\u00a0and underlying.<\/p>\n<p>Short Box Spread Buy a long call and a short put with the same strike price and sell a long put and a short call with the same strike price. The buy side strike price is higher than the sell side strike price. All components must have the same expiry and underlying.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-large wp-image-205950 lazyload\" data-src=\"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2025\/06\/tws-box-spread-1100x517.png\" alt=\"TWS Box Spread\" width=\"1100\" height=\"517\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/517;\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An option strategy that involves simultaneously buying and selling two synthetics in identical numbers at different strike prices. A box spread includes a long call and a short put at one strike price, and a short call and a long put at another strike price. For example: Buy 1 April02 95 call, Sell 1 April02 95 put, Sell 1 April02 100 call, Buy 1 April02 100 put. Long Box Spread Buy a long call and a short put with the same strike price and sell a long put and a short call with the same strike price. In a long box spread, the buy side strike price is lower than the sell side strike price. All components must have the same\u00a0expiry\u00a0and underlying. Short Box Spread Buy a long call and a short put with the same strike price and sell a long put and a short call with the same strike price. The buy side strike price is higher than the sell side strike price. All components must have the same expiry and underlying.<\/p>\n","protected":false},"featured_media":0,"parent":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"traders-glossary":[159,157],"class_list":{"0":"post-198518","1":"glossary-terms","2":"type-glossary-terms","3":"status-publish","5":"traders-glossary-trading-terms-b","6":"traders-glossary-trading-alphabet"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Archives Term | IBKR Glossary | IBKR Campus<\/title>\n<meta name=\"description\" content=\"An option strategy that involves simultaneously buying and selling two synthetics in identical numbers at different strike prices.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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