Options Strategy List
In options trading, there are as many strategies as there are traders. We provide detail of few of them which are frequently used for reference. There is no good or bad strategy. Each strategy has its own strength and weaknesses. A trader should define his own trading personality and devise a trading plan around it.
Compare Strategies
Options Trading Strategies
| # | Strategy | Strategy Level | Market View | Risk | Reward |
|---|---|---|---|---|---|
| 1 | SHORT STRANGLE | Advance | Neutral | Unlimited | Limited |
| 2 | LONG STRADDLE | Beginners | Neutral | Limited | Unlimited |
| 3 | THE COLLAR | Advance | Bullish | Limited | Limited |
| 4 | SHORT PUT BUTTERFLY | Advance | Neutral | Limited | Limited |
| 5 | LONG PUT LADDER | Advance | Neutral | Unlimited | Limited |
| 6 | STRAP | Beginners | Neutral | Limited | Unlimited |
| 7 | COVERED COMBINATION | Advance | Bullish | Unlimited | Limited |
| 8 | BEAR CALL SPREAD | Beginners | Bearish | Limited | Limited |
| 9 | LONG STRANGLE | Beginners | Neutral | Limited | Unlimited |
| 10 | SYNTHETIC LONG CALL | Beginners | Bullish | Limited | Unlimited |
| 11 | IRON CONDORS | Advance | Neutral | Limited | Limited |
| 12 | RISK REVERSAL | Advance | Bullish | Unlimited | Unlimited |
| 13 | SHORT STRADDLE | Advance | Neutral | Unlimited | Limited |
| 14 | RATIO PUT SPREAD | Beginners | Neutral | Unlimited | Limited |
| 15 | LONG GUTS | Beginners | Neutral | Limited | Unlimited |
| 16 | SHORT CALL | Advance | Bearish | Unlimited | Limited |
| 17 | PUT BACKSPREAD | Advance | Bearish | Limited | Unlimited |
| 18 | PROTECTIVE CALL | Beginners | Bearish | Limited | Unlimited |
| 19 | LONG CALL CONDOR SPREAD | Advance | Neutral | Limited | Limited |
| 20 | SHORT PUT LADDER | Advance | Neutral | Limited | Unlimited |
| 21 | COVERED PUT | Advance | Bearish | Unlimited | Limited |
| 22 | LONG COMBO | Advance | Bullish | Unlimited | Unlimited |
| 23 | PROTECTIVE COLLAR | Beginners | Neutral | Limited | Limited |
| 24 | MARRIED PUT | Beginners | Bullish | Limited | Unlimited |
| 25 | CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY | Advance | Bullish | Limited | Limited |
| 26 | DIAGONAL BULL CALL SPREAD | Beginners | Bullish | Limited | Limited |
| 27 | REVERSE IRON CONDOR | Advance | Neutral | Limited | Limited |
| 28 | LONG CALL BUTTERFLY | Advance | Neutral | Limited | Limited |
| 29 | CHRISTMAS TREE SPREAD WITH PUT OPTION | Advance | Bearish | Limited | Limited |
| 30 | RATIO CALL WRITE | Beginners | Neutral | Unlimited | Limited |
| 31 | STOCK REPAIR | Beginners | Bullish | Limited | Unlimited |
| 32 | BULL CALL SPREAD | Beginners | Bullish | Limited | Unlimited |
| 33 | BEAR PUT SPREAD | Advance | Bearish | Limited | Limited |
| 34 | PROTECTIVE PUT | Beginners | Bullish | Limited | Unlimited |
| 35 | SHORT PUT | Beginners | Bullish | Unlimited | Limited |
| 36 | LONG PUT | Beginners | Bearish | Limited | Unlimited |
| 37 | BULL PUT SPREAD | Advance | Bullish | Limited | Limited |
| 38 | LONG CALL LADDER | Advance | Neutral | Unlimited | Unlimited |
| 39 | SHORT CALL CONDOR SPREAD | Advance | Neutral | Limited | Limited |
| 40 | SHORT CALL BUTTERFLY | Advance | Neutral | Limited | Limited |
| 41 | SHORT GUTS | Beginners | Neutral | Unlimited | Limited |
| 42 | LONG CALL | Beginners | Bullish | Limited | Unlimited |
| 43 | STRIP | Beginners | Neutral | Limited | Unlimited |
| 44 | IRON BUTTERFLY | Advance | Neutral | Limited | Limited |
| 45 | REVERSE IRON BUTTERFLY | Advance | Neutral | Limited | Limited |
| 46 | RATIO PUT WRITE | Beginners | Neutral | Unlimited | Limited |
| 47 | SHORT CALL LADDER | Advance | Neutral | Limited | Unlimited |
| 48 | RATIO CALL SPREAD | Beginners | Neutral | Unlimited | Limited |
| 49 | NEUTRAL CALENDAR SPREAD | Beginners | Neutral | Limited | Limited |
| 50 | DIAGONAL BEAR PUT SPREAD | Beginners | Bearish | Limited | Limited |
| 51 | COVERED CALL | Advance | Bullish | Unlimited | Limited |
| 52 | CALL BACKSPREAD | Advance | Bullish | Limited | Unlimited |
| 53 | LONG PUT BUTTERFLY | Advance | Neutral | Limited | Limited |
| 54 | BULL CALENDER SPREAD | Beginners | Bullish | Limited | Unlimited |