What is a Calendar Spread strategy? Can I create it using Strategy Bot?

Yes, you can create a Calendar Spread strategy using Strategy Bot.

A Calendar Spread involves two option contracts of the same strike and type, but with different expiry dates—typically one from the current expiry and one from the next expiry.

Example:

If you add a NIFTY option expiring on 14th Aug along with the same strike option expiring on 21st Aug, the combination forms a Calendar Spread strategy.

📌 Calendar Spreads are commonly used to benefit from time decay differences between expiries.