Options Trading Strategies

Master 11+ options strategies for any market condition. From simple long calls to complex spreads, find the right strategy for your outlook.

Strategy Comparison

StrategyOutlookMax ProfitMax LossComplexity
Long CallbullishUnlimited (stock can rise indefinitely)Premium paidbeginner
Bull Call SpreadbullishSpread width - net debit paidNet debit paidintermediate
Covered CallneutralPremium received + (strike - stock purchase price)Stock can go to zero (minus premium received)beginner
Cash-Secured PutbullishPremium receivedStrike price × 100 - premium (if stock goes to zero)beginner
Long PutbearishStrike price - premium (if stock goes to zero)Premium paidbeginner
Bear Put SpreadbearishSpread width - net debitNet debit paidintermediate
Iron CondorneutralNet credit receivedWidth of wider spread - net creditintermediate
Short StrangleneutralPremium received from both optionsUnlimited (stock can go to infinity or zero)advanced
Long StraddlevolatileUnlimited on upside, substantial on downside (to zero)Total premium paid for both optionsintermediate
Long StranglevolatileUnlimited on upside, substantial on downsideTotal premium paidintermediate

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Options Trading Strategies Guide - 15+ Strategies Explained | ImpliedOptions | ImpliedOptions