Bullish Option Strategies
This is a list of bullish option strategies: An option strategy is said to be bullish when it profits when underlying price goes up and (usually) loses when underlying price falls (therefore it can be an alternative to holding the underlying security, with different cash flow and different exposures to volatility and other factors). From the perspective of option Greeks, a bullish strategy is one which [more ...]
Bearish Option Strategies
This is a list of bearish option strategies: An option strategy is said to be bearish when it profits when underlying price goes down and (usually) loses when it goes up. In option Greeks talk, it is a strategy which tends to have negative delta. See also a list of bullish option strategies (profit when underlying goes up), long volatility strategies (profit when underlying makes a big move to either [more ...]
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 [more ...]
Non-Directional Option Strategies
This is a list of non-directional option strategies, which profit from sideways market when underlying price does not move much to either side: The strategies in the above list generally have no directional preference - they should be traded when you expect the market to go sideways, with no big moves either up or down. The list does not include strategies with are technically also short volatility [more ...]