Option Strategies
85 strategy guides, each covering the characteristics, market outlook, risk/reward profile and when to use it.

Batman Option Strategy
What Are the Characteristics of This Option Strategy? The Batman option strategy is a moderately risky neutral strategy involving the simultaneous buying and...
5 min read
Bear Put Option Strategy
What are the characteristics of this option strategy? A Bear Put Spread, is a popular option strategy involving selling a higher strike price Put option, and...
4 min read
Box Spread Option Strategy
What are the characteristics of this option strategy? Box spread options are a set of four options contractstwo call options and two put options with the same...
5 min read
Broken Wing Butterfly Option Strategy
What are the characteristics of this option strategy? The Broken Wing Butterfly (BWB) option strategy is a great way to take advantage of the lower cost of...
5 min read
Bull Call Option Strategy
What are the characteristics of this option strategy? The Bull Call Option strategy is used when a trader has a mildly bullish outlook on the market. The...
5 min read
Bull Put Option Strategy
What are the characteristics of this option strategy? A Bull Put Option Strategy is an options trading strategy in which the investor buys 1 out of the money...
5 min read
Butterfly Option Strategy
What are the characteristics of this option strategy? The butterfly option strategy is primarily a neutral strategy option used to simultaneously reduce risk...
5 min read
Calendar Spread Option Strategy
What are the characteristics of this option strategy? A Calendar Spread Option Strategy (also known as a Time Spread or Horizontal Spread) is a type of option...
6 min read
Call Backspread Option Strategy
Callback Spread Option Strategy What are the Characteristics of this Option Strategy? The call ratio backspread is a strategy utilized by bullish investors to...
3 min read
Call Bull Spread Option Strategy
What are the characteristics of this option strategy? A Bull call Spread is an options strategy generally used when you expect a moderate rise in the price of...
4 min read
Call Ladder Option Strategy
What are the characteristics of this option strategy? The ladder option strategy is a bullish/bearish options trading strategy that allows traders to take...
5 min read
Cash Secured Put Option Strategy
What are the characteristics of this option strategy? A cash-secured put option, also known as a Buy-Write strategy, is an investment strategy in which the...
5 min read
Christmas Tree Option Strategy
What are the characteristics of this option strategy? The Christmas Tree Option Strategy is a neutral options strategy that can be built by both call and put...
5 min read
Collar Option Strategy
What are the characteristics of this option strategy? The collar option strategy is a very popular strategy especially amongst those who have a medium to...
5 min read
Condor Option Strategy
What are the characteristics of this option strategy? The Condor option strategy is a relatively low-risk, low-profit, neutral strategy. It has characteristics...
5 min read
Costless Collar Option Strategy
What are the characteristics of this option strategy? The costless collar options strategy combines both a protective put and an uncovered call. By combining...
6 min read
Covered Call Option Strategy
What are the characteristics of this option strategy? The covered call option strategy involves buying a long position in an underlying asset (such as a stock)...
5 min read
Credit Spread Option Strategy
What are the characteristics of this option strategy? A credit spread option strategy is a popular option trading strategy that seeks to generate income while...
5 min read
Debit Spread Option Strategy
What are the characteristics of this option strategy? Debit Spread Option Strategy, or debit spread, is an options trading technique used to take advantage of...
6 min read
Diagonal Option Strategy
Diagonal Option Strategy What are the characteristics of this option strategy? The diagonal option strategy is a combination of two individual option...
5 min read
Dividend Capture Option Strategy
What are the characteristics of this option strategy? Dividend Capture Option Strategy is a strategy which seeks to capitalize on stock dividends by selling...
4 min read
Double Butterfly Option Strategy
What are the characteristics of this option strategy? The double butterfly option strategy is a combination of two equal and opposite butterfly spreads. This...
5 min read
Double Diagonal Option Strategy
What are the characteristics of this option strategy? The Double Diagonal Option Strategy is a complex options strategy that combines both diagonal spreads and...
5 min read
Earnings Option Strategy
What are the characteristics of this option strategy? Earnings Option Strategy is an advanced option strategy with a high potential for reward and a higher...
2 min read
ETF Option Strategy
What are the characteristics of this option strategy? ETF options provide traders with the ability to speculate on direction of the instrument movement, as...
6 min read
Gamma Scalping Option Strategy
What are the characteristics of this option strategy? Gamma scalping is an advanced strategy that combines options and short-term trading. This strategy...
5 min read
Guts Option Strategy
Guts Option Strategy What are the characteristics of this option strategy? The Guts option strategy is a bullish-neutral strategy that takes advantage of time...
5 min read
High Implied Volatility Option Strategy
What Are The Characteristics Of This Option Strategy? The high implied volatility option strategy is a combination of options trading strategies used by...
5 min read
High Probability Option Strategy
High Probability Option Strategy What are the characteristics of this option strategy? High Probability Option Strategies aim to achieve higher probability of...
4 min read
In The Money Covered Call Option Strategy
What are the characteristics of this option strategy? The in the money covered call option strategy is a relatively conservative income-oriented strategy which...
5 min read
In The Money Option Strategy
What are the characteristics of this option strategy? The In The Money Option Strategy is an options trading strategy where the option buyer will initially buy...
5 min read
Income Generating Option Strategy
What are the characteristics of this option strategy? Income Generating Option Strategy is a type of option strategy that is used to generate a steady stream...
4 min read
Intraday Option Hedging Option Strategy
What are the characteristics of this option strategy? Intraday option hedging strategy is a simple strategy that involves buying options and hedging them with...
5 min read
Iron Butterfly Option Strategy
What are the characteristics of this option strategy? The Iron Butterfly Option Strategy is an advanced options trading strategy that involves writing two ATM...
5 min read
Iron Collar Option Strategy
What are the characteristics of this option strategy? An iron collar option strategy is a type of options hedging strategy that combines the use of a...
6 min read
Iron Condor Option Strategy
What are the Characteristics of this Option Strategy? The Iron Condor option strategy is a low-risk/high-reward trading strategy that is used for netting...
5 min read
Jade Lizard Option Strategy
What are the characteristics of this option strategy? The Jade Lizard Option Strategy is a type of combination spread involving both calls and puts. It is...
6 min read
Leap Option Strategy
What are the characteristics of this option strategy? Leap Option Strategy (LOS) is a conservative debit spread strategy involving buying long-term out of the...
6 min read
Long Box Option Strategy
What are the characteristics of this option strategy? The Long Box Option Strategy is a quite basic option strategy that seeks to achieve a balance between...
7 min read
Long Butterfly Option Strategy
What are the characteristics of this option strategy? The Long Butterfly Option Strategy is a mildly bullish, limited risk strategy that aims to benefit from a...
5 min read
Long Butterfly Option Strategy
What are the characteristics of this option strategy? The Long Butterfly Option Strategy is a low-risk strategy that combines a combination of long and short...
5 min read
Long Butterfly Option Strategy
What are the characteristics of this option strategy? The Long Butterfly Option Strategy is a strategy that allows traders to profit from a range-bound market...
5 min read
Long Butterfly Option Strategy
What are the characteristics of this option strategy? The Long Butterfly Option Strategy is a low-risk, limited profit option strategy where a trader buys 1...
5 min read
Long Butterfly Option Strategy
What are the characteristics of this option strategy? The Long Butterfly Option Strategy is an Advanced Options trading strategy that combines Long Call and...
4 min read
Long Call Option Strategy
What are the characteristics of this Long Call Option Strategy? The Long Call Option Strategy is a moderately simple strategy that enables investors to make...
5 min read
Long Put Option Strategy
What are the characteristics of this option strategy? The long put option strategy involves buying a put option for an underlying asset in anticipation of a...
6 min read
Long Straddle Option Strategy
What are the characteristics of this option strategy? A long straddle option strategy involves buying both a call and a put option of the same security with...
6 min read
Long Strangle Option Strategy
Long Strangle Option Strategy What are the characteristics of this option strategy? A long strangle refers to a type of options strategy involving the purchase...
5 min read
Married Put Option Strategy
What are the characteristics of this option strategy? Married Put Option Strategy is a type of options trading strategy designed to help reduce portfolio risk...
5 min read
Naked Call Option Strategy
What are the characteristics of this option strategy? The Naked Call Option strategy is an advanced options trading strategy that is used to generate income....
5 min read
Naked Put Option Strategy
What are the characteristics of this option strategy? A Naked Put Option Strategy is an options strategy where you are selling an out-of-the-money put option...
5 min read
Out Of The Money Covered Call Option Strategy
What Are The Characteristics Of This Option Strategy? An Out Of The Money Covered Call Option Strategy is a strategy where an investor simultaneously buys a...
5 min read
Poor Man’s Covered Call Option Strategy
What are the characteristics of this option strategy? The Poor Mans Covered Call Option Strategy is a simple options trading strategy that involves buying a...
5 min read
Poor Man’s Covered Put Option Strategy
What are the characteristics of this option strategy? The Poor Mans Covered Put Option Strategy is a simple options trading strategy that involves buying a...
5 min read
Protective Put Option Strategy
What are the characteristics of this option strategy? Protective Put Option Strategy is an income-producing option trading strategy that involves purchasing a...
5 min read
Ratio Condor Option Strategy
What are the characteristics of this option strategy? The Ratio Condor Option Strategy is a bullish directional strategy that uses a combination of call and...
5 min read
Reverse Butterfly Spread Option Strategy
What are the characteristics of this option strategy? The Reverse Butterfly Spread Option Strategy is a neutral option strategy that involves four options....
5 min read
Reverse Butterfly Spread Option Strategy
Reverse Butterfly Spread Option Strategy What are the characteristics of this option strategy? A reverse butterfly spread is an advanced directional options...
4 min read
Reverse Butterfly Spread Option Strategy
What are the characteristics of this option strategy? The reverse butterfly spread option strategy is a low cost advanced option trading strategy that involves...
6 min read
Reverse Butterfly Spread Option Strategy
Reverse Butterfly Spread Option Strategy What are the characteristics of this option strategy? A reverse butterfly spread option strategy is a directional...
5 min read
Reverse Butterfly Spread Option Strategy
What are the characteristics of this option strategy? The reverse butterfly spread is a type of options strategy that involves buying 1 call option, buying 2...
5 min read
Reverse Calendar Spread Option Strategy
What are the characteristics of this option strategy? A reverse calendar spread option strategy is an advanced option strategy that involves simultaneous...
5 min read
Reverse Collar Option Strategy
and add h1 tag at the top of article Reverse Collar Option Strategy What are the characteristics of this option strategy? The reverse collar is a strategy that...
4 min read
Reverse Iron Butterfly Option Strategy
What are the characteristics of this option strategy? The Reverse Iron Butterfly Option Strategy is a variation of the Iron Butterfly option strategy which...
6 min read
Reverse Iron Condor Option Strategy
What are the characteristics of this option strategy? Reverse Iron Condor Option Strategy is an advanced options trading strategy that combines two vertical...
7 min read
Risk Reversal Option Strategy
What are the characteristics of this option strategy? The Risk Reversal Option Strategy is a neutral strategy that consists of either buying a long call and...
7 min read
Seagull Option Strategy
What are the characteristics of this option strategy? The Seagull Option Strategy is an advanced, high risk, high reward option trading strategy designed to...
5 min read
Short Box Option Strategy
What are the characteristics of this option strategy? The Short Box is an advanced option strategy which seeks to take advantage of the difference between the...
6 min read
Short Butterfly Option Strategy
What are the characteristics of this option strategy? The Short Butterfly Option Strategy is a limited risk and limited profit options trading strategy that...
5 min read
Short Call Option Strategy
What are the characteristics of this option strategy? The Short Call Option Strategy is a strategy used when you expect the price of an underlying asset to...
5 min read
Short Put Option Strategy
What are the characteristics of this option strategy? A Short Put Option Strategy is an options trading strategy that involves selling a put option with a...
5 min read
Short Straddle Option Strategy
What are the characteristics of this option strategy? The Short Straddle Option Strategy consists of a short call option and a short put option with the same...
5 min read
Short Strangle Option Strategy
What Are The Characteristics Of This Option Strategy? A short strangle option strategy is a limited risk, neutral strategy which is used when a trader expects...
6 min read
Stock Repair Option Strategy
What are the characteristics of this option strategy? Stock Repair option strategy is a type of options strategy used to revive a losing portfolio or...
6 min read
Straddle Option Strategy
What are the characteristics of this option strategy? The Straddle Option Strategy is a neutral strategy that typically involves the simultaneous buying of a...
6 min read
Strangle Option Strategy
Strangle Option Strategy What are the characteristics of this option strategy? The Strangle Option Strategy is an advanced option strategy that involves the...
4 min read
Strap Option Strategy
What are the characteristics of this option strategy? The Strap Option Strategy, is a powerful yet potentially risky options trading strategy. It involves...
5 min read
Strip Option Strategy
What are the characteristics of this option strategy? The Strip option strategy is an advanced options trading strategy that involves buying one long call and...
5 min read
Synthetic Short Call Option Strategy
What are the characteristics of this option strategy? The Synthetic Short Call Option Strategy is an options trading strategy involves selling a put option and...
5 min read
Synthetic Short Put Option Strategy
What are the characteristics of this option strategy? The Synthetic Short Put Option Strategy is an advanced level strategy that is used to accomodate near...
4 min read
Triple Income Option Strategy
What are the characteristics of this option strategy? The triple income option strategy is a type of directional strategy that seeks to generate income from...
5 min read
Unbalanced (Skewed) Option Strategy
What are the characteristics of this option strategy? An unbalanced (skewed) option strategy is a strategy that uses different strikes and/or different...
5 min read
Unbalanced Butterfly Option Strategy
What are the characteristics of this option strategy? The Unbalanced Butterfly Option Strategy is an advanced non-directional option trading strategy. It...
5 min read
Wheel Option Strategy
WHAT ARE THE CHARACTERISTICS OF THIS OPTION STRATEGY? The wheel option strategy is a type of option spread that involves buying and selling option contracts of...
6 min read
Zero To Hero Option Strategy
What are the characteristics of this option strategy? The Zero To Hero Option Strategy is a multi-leg options strategy that allows for both lower risk and...
5 min read