Option Strategies by Category

• Single Option Positions
• With Underlying
• Straddles
• Strangles
• Butterflies
• Condors
• Vertical Spreads
• Calendar Spreads
• Diagonal Spreads
• Ratio Spreads
• Ladders
• Box Spreads
• Synthetics

Single Option Positions

• Long Call
• Long Put
• Short Call
• Short Put
• Call, Put, Long, Short, Bull, Bear: Terminology of Option Positions
• Long Call vs. Short Put Differences and When to Trade Which

With Underlying

• Covered Call
• Protective Put
• Protective Call
• Covered Put
• Collar

Straddles

• Long Straddle
• Short Straddle
• Strap
• Strip
• Covered Short Straddle

Strangles

• Long Strangle
• Short Strangle
• Long Guts
• Short Guts
• Covered Short Strangle

Butterflies

• Long Call Butterfly
• Long Put Butterfly
• Iron Butterfly
• Short Call Butterfly
• Short Put Butterfly
• Reverse Iron Butterfly

Condors

• Long Call Condor
• Long Put Condor
• Iron Condor
• Short Call Condor
• Short Put Condor
• Reverse Iron Condor

Vertical Spreads

• Bull Call Spread
• Bear Put Spread
• Bear Call Spread
• Bull Put Spread

Calendar Spreads

• Long Calendar Call Spread
• Long Calendar Put Spread
• Short Calendar Call Spread
• Short Calendar Put Spread
• Double Calendar Spread

Diagonal Spreads

• Long Diagonal Call Spread
• Long Diagonal Put Spread
• Short Diagonal Call Spread
• Short Diagonal Put Spread
• Double Diagonal Spread

Ratio Spreads

• Call Ratio Spread
• Put Ratio Spread
• Call Ratio Backspread
• Put Ratio Backspread

Ladders

• Bull Call Ladder
• Bear Put Ladder
• Bear Call Ladder
• Bull Put Ladder

Box Spreads

• Long Box Spread
• Short Box Spread

Synthetics

• Long Call Synthetic Straddle
• Long Call Synthetic Strangle
• Long Combo
• Long Put Synthetic Straddle
• Long Put Synthetic Strangle
• Short Call Synthetic Straddle
• Short Call Synthetic Strangle
• Short Combo
• Short Put Synthetic Straddle
• Short Put Synthetic Strangle
• Synthetic Covered Call
• Synthetic Covered Put
• Synthetic Covered Strangle
• Synthetic Long Call
• Synthetic Long Put
• Synthetic Long Stock
• Synthetic Short Call
• Synthetic Short Put
• Synthetic Short Stock