Time Spreads (futures) & Horizontal Intra-Asset Spread are basically the same


For what I understand the construction of Time Spreads for commodity futures and Horizontal Intra-Asset Option spread are the same.

They are both basically a simple calendar spread, am i right?

Yes, that is one things I don’t like about CAIA material. In CFA, everything is generic (and allow you to think); however, in CAIA, it must come up specific names, so I end up having to remember bunch of same things. Disclosure, I still don’t know what is a iron butterfly is, but I can trade options with my eyes closed and tell you the payoff profile.