Options Strategy Summary
Quick-glance overview of key strategies
Bullish Strategies
Long Call
Bullish. Unlimited reward. Risk limited to premium.
Covered Call
Own stock + sell call. Mildly bullish, income-focused.
Bull Call Spread
Moderate bullish. Limited risk, capped reward.
Bearish Strategies
Long Put
Bearish. High reward potential, risk limited to premium.
Bear Put Spread
Limited-risk bearish strategy using two puts.
Protective Put
Hedge long stock by buying a put. Acts like insurance.
Neutral/Volatility Strategies
Iron Condor
Neutral view. Profit in range-bound moves.
Straddle
Expect big move, direction unknown. Expensive but powerful.
Butterfly
Low-cost strategy to profit near a target price.