Options Trading Strategies

Covered Call (long call)

Covered Call (long call)

Long call, short stock

Covered Call (short call)

Covered Call (short call)

Short call, long stock

Protective Put (long put)

Protective Put (long)

Long put, long stock

Protective Put (short)

Protective Put (short)

Short put, short stock

Bull Spread

Bull Spread

Long call at K1, Short call at K2

Bear Spread

Bear Spread

Short put at K1, Long put at K2

Box Spread

Box Spread

Long call at K1, Short put at K1, Short call at K2, Long put at K2

Butterfly Spread

Butterfly Spread

Long call at K1, 2x Short call at K2, Long call at K3

Condor Spread

Condor Spread

Long call at K1, Short call at K2, Short call at K3, Long call at K4

Calendar Spread

Calendar Spread

Long call with maturity T2, Short call with maturity T1

Collar

Collar

Long stock, Long put at K1, Short call at K2

Iron Butterfly

Iron Butterfly

Long call at K1, Short call at K2, Long put at K3

Iron Condor

Iron Condor

Long put at K1, Short put at K2, Short call at K3, Long call at K4

Straddle

Straddle

Long call at K, Long put at K

Strangle

Strangle

Short call at K1, Long call at K2

Strip

Strip

Long call at K, 2x Long put at K

Strap

Strap

Long put at K, 2x Long call at K