Option strategies

The basic option strategies that can be employed in trading are described on this page. It is evident that an infinite number of option strategies can be constructed, but this page covers all the fundamental building blocks that can be used both for direct trading and as a foundation for creating custom combinations.

Long call

Long put

Short call

Short put

Call credit spread

Call debit spread

Put credit spread

Put debit spread

Long straddle

Short straddle

Long strangle

Short strangle

Long iron butterfly

Short iron butterfly

Long iron condor

Short iron condor