Look harder.Quote from OddTrader:
According to McMillan, "The calendar spreader can either have a neutral outlook on the stock or he can construct the spread for an aggressively bullish outlook." I am not able to find yet he mentioned a calender spread for bearish outlook.
However, personally I do have some different views against his comments above.
Think harder.
Be the best that you can be.
Hint: Save your thoughts. Look a few chapters ahead and read what McMillan has to say under Put Option Basics (how put and call option strategies are opposite in nature).
for the new fasion