Academic-backed options trading strategies with detailed implementation guides. From covered calls to complex spreads.
Generate income by selling call options against stock you own. Trades upside potential for immediate premium.
Generate income by selling put options against a short stock position. The bearish counterpart to covered calls.
Hedge downside risk by buying puts against stock positions. Classic portfolio insurance with unlimited upside.
Hedge short stock positions by buying calls. The bearish counterpart to protective puts with capped upside risk.
A vertical spread that profits from moderately bullish moves. Buy a call, sell a higher strike call for defined risk.
A credit spread that profits from stable or rising prices. Sell a put, buy a lower strike put for income with defined risk.
A credit spread that profits from stable or falling prices. Sell a call, buy a higher strike call for income with defined risk.
A debit spread that profits from falling prices. Buy a put, sell a lower strike put for leveraged bearish exposure with defined risk.
Replicate stock exposure using options. Buy call + sell put for long exposure, or reverse for short. Capital-efficient directional play.
Combine OTM call and put at different strikes for directional exposure. Features a neutral zone between strikes with zero P&L.
Extend a bull call spread with an extra short call. Reduces cost but introduces unlimited upside risk if the stock rallies too far.
Extend a bull put spread with an extra long put. Credit strategy that profits from stock crash or staying above the upper breakeven.
Extend a bear call spread with an extra long call. Credit strategy that profits from stock staying low or rallying sharply.