Options Strategy Guides
Master 20 options trading strategies with in-depth guides. Each guide covers payoff diagrams, Greeks analysis, risk profiles, and real-world examples.
📈 Bullish Strategies
7 StrategiesProfit from upward price movements in the underlying asset.
Long Call
Buy a call - unlimited profit potential, limited risk
Short Put
Sell a put - collect premium, obligation to buy
Bull Call Spread
Buy lower strike, sell higher - reduced cost, capped profit
Bull Put Spread
Credit spread - collect premium with defined risk
Call Ratio Spread
Buy 1, sell 2+ - profits on moderate rise
Diagonal Spread
Different strikes AND expirations - versatile approach
Protective Put
Buy put to protect stock - insurance against downside
📉 Bearish Strategies
4 StrategiesProfit from downward price movements in the underlying.
⚖️ Neutral Strategies
9 StrategiesProfit when the underlying stays within a range or at a specific price.
Iron Condor
Sell OTM put & call spreads - profit from low volatility
Iron Butterfly
Sell ATM straddle, buy OTM wings - max profit at strike
Short Straddle
Sell ATM call & put - high premium, unlimited risk
Long Butterfly
Buy 1, sell 2, buy 1 - low cost, profit at center
Calendar Spread
Same strike, different expiries - profit from time decay
Covered Call
Sell call against stock - income generation
Jade Lizard
Short call spread + short put - no upside risk
Box Spread
Bull call + bear put - arbitrage with locked profit
Christmas Tree Butterfly
Asymmetric butterfly - buy 1, sell 3, buy 2
🌊 Volatility Strategies
2 StrategiesProfit from large price movements in either direction.
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