Part2 Ride The Big Moves

Options Strategies: Beyond Buying and Selling
There are numerous strategies based on combinations of options that suit different market views:

🟢 Basic Strategies:
Strategy View Description
Long Call Bullish Buy call to profit from rising prices
Long Put Bearish Buy put to profit from falling prices
Covered Call Neutral to Slightly Bullish Own stock + sell call for income
Protective Put Bullish but hedged Own stock + buy put to limit downside

⚖️ Intermediate Strategies:
Strategy View Description
Bull Call Spread Moderately Bullish Buy call, sell higher call
Bear Put Spread Moderately Bearish Buy put, sell lower put
Straddle Very Volatile Buy call and put at same strike
Strangle Volatile

Advanced Strategies:
Strategy View Description
Iron Condor Range-bound Sell call & put spreads around the expected range
Butterfly Spread Neutral Profit from low volatility around a strike price
Ratio Spreads Volatility-biased Create positions with different quantity of options