Explore all 36 options strategies with detailed implementation guides, reasoning, and examples
Simulating stock movement from $10.00 to $10.00
A simple bullish strategy that gives the buyer the right to purchase a stock at a specific price.
Budget Allocated: $1,000
Contracts: 15
Stock Movement: 0%
Profit/Loss:$-975
Return:-97.5%
New Portfolio Value:$25
The most basic bullish strategy. You buy a call because you believe the stock will rise significantly. The call gives you the right to buy shares at the strike price, creating unlimited profit potential.
YOUR TRADE SCENARIO: Stock ABC currently trading at $10.00. Expecting a 0% move to $10.00. Trade Ticket (1 Contract): • Buy to Open 1 Call at Strike Price of $11.00 Expiring in 45 days • Premium paid: $65 ($0.65 per share × 100 shares) Your Results at $10.00: • Call value: $0 (expires worthless) • Profit/Loss: -$65 (total loss) • Breakeven: $11.65 (strike + premium) WHY THIS RESULT: ❌ MAXIMUM LOSS: Stock stayed below your $11.00 strike price, so the call expires worthless. You lose the entire $65 premium because there's no reason to exercise a call to buy shares at $11.00 when you can buy them cheaper in the market at $10.00. With your $1,000 budget: 15 contracts = $-975 total P&L
A defined-risk bullish strategy where you sell a put and buy a lower strike put.
A defined-risk bullish strategy where you buy a call and sell a higher strike call.
A bullish strategy that combines a longer-term call purchase with a shorter-term call sale.
A strategy which results in an initial credit by selling a put option.
Similar to a call spread, but with asymmetrical risk/reward.
An advanced bullish strategy for large upward moves.
Results in a skew call butterfly with directional bias.
A neutral to slightly bullish strategy with downside risk.
A strategy to limit downside risk when owning stock.
A simple bearish strategy that gives the right to sell a stock at a specific price.
A defined-risk bearish strategy where you sell a call and buy a higher call.
A defined-risk bearish strategy where you buy a put and sell a lower put.
A bearish strategy that combines a longer-term put purchase with a shorter-term put sale.
A risky strategy which results in an initial credit by selling a call.
Similar to a put spread, but with asymmetrical risk/reward.
An advanced bearish strategy for large downward moves.
Results in a skew put butterfly with directional bias.
A neutral to slightly bearish strategy with upside risk.
A neutral strategy combining bull put and bear call spreads.
A neutral strategy combining bull and bear call spreads.
A neutral strategy combining bull and bear put spreads.
A time-based strategy using calls with different expiration dates.
A time-based strategy using puts with different expiration dates.
Combines diagonal call and put spreads.
Combines bull put and bear call spreads at the same short strike.
Combines a short put with a bear call spread.
Like a short strangle but put strike above call strike.
A short straddle with long protective wings to limit risk.
Buying both a call and put at the same strike price.
Buying out-of-the-money call and put options.
Opposite of long put butterfly, profits from movement in either direction.
Opposite of long call butterfly, profits from movement in either direction.
Similar to short call butterfly with wider middle strikes.
Similar to short put butterfly with wider middle strikes.
Opposite of an iron condor, profits from large price moves in either direction.