Bull Put Spread
Collect premium by selling a put and buying a lower-strike put. Profit if the stock stays above your short strike.
Bear Call Spread
Collect premium by selling a call and buying a higher-strike call. Profit if the stock stays below your short strike.
Iron Condor
Combine a bull put spread and a bear call spread into a four-leg strategy that profits when a stock stays range-bound.
Covered Call
Generate income from a stock you own by selling a call option against it. Caps upside in exchange for premium.
Cash-Secured Put
Sell a put option while holding enough cash to buy the shares if assigned. Generate income or acquire stock at a discount.
Long Call Debit Spread
Buy a call and sell a higher-strike call to reduce cost. Defined-risk directional bet with capped upside.
New to options?
Start with the glossary to get comfortable with the vocabulary, then work through the intro guide before diving into strategies.