Long Volatility Option Strategies

This is a list of long volatility option strategies, which profit when underlying price makes a big move to either side:

The strategies in the above list generally have no directional preference – they should be traded when you expect higher volatility (bigger moves), but you are unsure whether the underlying will go up or down. This list does not include strategies with are technically also long volatility (long vega), but have significant bias to one or the other underlying price direction (such as a long call or long put).

See a list of bullish option strategies (profit when underlying goes up), bearish option strategies (profit when underlying goes down).

The opposite (often the actual inverse position) of long volatility strategies are non-directional strategies, which profit when market goes sideways and underlying price does not move much to either side (these strategies can also be called short volatility).

See list of all option strategies.

By remaining on this website or using its content, you confirm that you have read and agree with the Terms of Use Agreement.

We are not liable for any damages resulting from using this website. Any information may be inaccurate or incomplete. See full Limitation of Liability.

Content may include affiliate links, which means we may earn commission if you buy on the linked website. See full Affiliate and Referral Disclosure.

We use cookies and similar technology to improve user experience and analyze traffic. See full Cookie Policy.

See also Privacy Policy on how we collect and handle user data.

© 2022 Macroption