All Strategies

This strategy profits if the underlying stock is outside the wings of the iron butterfly at expiration.

This strategy consists of buying puts as a means to profit if the stock price moves lower.

This strategy profits if the underlying stock is at the body of the butterfly at expiration.

This strategy combines a longer-term bearish outlook with a near-term neutral/bullish outlook.

This strategy profits if the underlying security is between the two short put strikes at expiration.

The initial cost to initiate this strategy is rather low, and may even earn a credit, but the upside potential is unlimited.

The initial cost to initiate this strategy is rather low, and may even earn a credit, but the downside potential is substantial.

This strategy is simple. It consists of acquiring stock in anticipation of rising prices.

This strategy consists of buying a call option and a put option with the same strike price and expiration.

This strategy profits if the stock price moves sharply in either direction during the life of the option.

This strategy consists of writing an uncovered call option.

A naked put involves writing a put option without the reserved cash on hand to purchase the underlying stock.

This strategy consists of adding a long put position to a long stock position.

This strategy profits if the underlying stock is outside the wings of the butterfly at expiration.

This strategy profits from the different characteristics of near and longer-term call options.

This strategy profits if the underlying stock is inside the inner wings at expiration.

This strategy profits if the underlying stock is inside the wings of the iron butterfly at expiration.

This strategy profits if the underlying stock is outside the wings of the butterfly at expiration.

This strategy profits from the different characteristics of near and longer-term put options.

This strategy can profit from a steady stock price, or from a falling implied volatility.