Playbook: Spreads: the Short Iron Condor
Short Iron Condor This strategy can be profitable for stocks that are rangebound (have no direction, go sideways). It is the combination of a bull put spread and a bear …
Income strategy
Playbook: Spreads: the Bear Call
Bear Call The bear call (or ‘call credit spread’) is a vertical credit spread (you will receive a premium for it). It is a short call ‘protected’ on the upside …
Playbook: Spreads: the Bull Put
Bull Put The bull put (or ‘put credit spread’) is a vertical credit spread (you will receive a premium for it). It is a short put ‘protected’ on the downside …
Playbook: Basis: the Short Put
Short (Naked) Put The short put (or ‘naked put’) is the opposite of the short call and looks like the long call since it is also bullish. It is a …
Playbook: Asset-Based: the Covered Call
Covered Call This is one of the most used income strategies and is highly effective when done on a regular (monthly) basis. Covered call = own/buy (long) underlying + sell …
Playbook: Asset-Based: The Secured Cash Put
Cash-Secured Put When running this strategy, you may wish to consider selling the put slightly out of the money. If you do so, you’re hoping that the stock will make a …
Playbook: Basis: the Short Call
Short (Naked) Call The short call (or naked call) is one of the income strategies (generating income on a regular basis). Such strategies are typically short-term. The option premium is …