These are the basic option strategies which include a long or short position in the underlying asset:
- Collar
- Covered Call
- Covered Put
- Protective Call (also Married Call)
- Protective Put (also Married Put)
There are other, more complex option strategies which also involve a position in the underlying - mainly covered straddles/strangles and synthetics:
- Covered Short Straddle
- Covered Short Strangle
- Long Call Synthetic Straddle (also Synthetic Straddle)
- Long Call Synthetic Strangle (also Synthetic Strangle)
- Long Put Synthetic Straddle
- Long Put Synthetic Strangle
- Short Call Synthetic Straddle
- Short Call Synthetic Strangle
- Short Put Synthetic Straddle
- Short Put Synthetic Strangle
- Synthetic Long Call (also Synthetic Call)
- Synthetic Long Put (also Synthetic Put)
- Synthetic Short Call
- Synthetic Short Put