Complete Options Strategy Guide
All 36 strategies 📊
Buy a call option - profit from upward stock movement with limited risk.
When to Use This Strategy
Long Call works best when you expect strong bullish moves, high conviction. This is a ⭐☆☆ complexity strategy, making it perfect for beginners.
Typical Returns: 50-200% on 10-20% stock moves
Buy lower strike call, sell higher strike call - cheaper bullish play with capped upside.
Sell higher strike put, buy lower strike put - collect premium betting stock won't fall.
Sell a put option - collect premium betting stock won't fall below strike.
Own stock + buy put - insurance against downside while keeping upside.
Sell 1 lower strike call, buy 2+ higher strike calls - profit from large upward moves.
Buy 1 higher strike put, sell 2+ lower strike puts - neutral to bullish with downside risk.
Buy longer-term call, sell shorter-term higher strike call - time decay play.
Modified butterfly with bullish bias - asymmetric risk/reward profile.
Own 100 shares + sell call - generate income with limited upside.
Buy a put option - profit from downward stock movement with limited risk.
Sell lower strike call, buy higher strike call - profit from stock staying below short strike.
Buy higher strike put, sell lower strike put - cheaper bearish play with capped upside.
Sell a call option - collect premium betting stock won't rise above strike.
Sell 1 higher strike put, buy 2+ lower strike puts - profit from large downward moves.
Buy 1 lower strike call, sell 2+ higher strike calls - neutral to bearish with upside risk.
Buy longer-term put, sell shorter-term lower strike put - time decay play.
Modified butterfly with bearish bias - asymmetric risk/reward profile.
Buy put + sell call at same strike - mimics short stock position.
Sell call spread + sell put spread - profit from low volatility and range-bound movement.
Short straddle with protective wings - profit from stock staying at center strike.
Buy 1 low call + sell 2 middle calls + buy 1 high call - profit at middle strike.
Buy 1 high put + sell 2 middle puts + buy 1 low put - profit at middle strike.
Sell short-term call + buy long-term call at same strike - profit from time decay.
Sell short-term put + buy long-term put at same strike - profit from time decay.
Short put + bear call spread - no upside risk, profit from time decay and volatility crush.
Calendar spread on both calls and puts - complex time decay and volatility play.
Sell ITM call + sell ITM put - collect large premium betting on low volatility.
Like butterfly but with wider body - profit from range-bound movement.
Buy call + buy put at same strike - profit from large moves in either direction.
Buy OTM call + buy OTM put - cheaper than straddle, needs larger moves.
Sell call + sell put at same strike - profit from low volatility, high risk.
Sell OTM call + sell OTM put - wider profit zone than short straddle.
Opposite of long butterfly - profit from movement away from center strike.
Opposite of long put butterfly - profit from movement away from center strike.
Buy call spread + buy put spread - profit from large moves in either direction.