Playbook: Spreads: the Dual Bear Spread (Delta Buster)
Dual Bear Spread (Delta Buster) The delta buster combines an inexpensive ATM long bear put spread , typically 10-point/$10 wide, with an expensive OTM short bear call spread that results …
Bearish
Playbook: Spreads: the Bear Put
Bear Put The bear put is a vertical debit spread (you will have to pay for it). It is a long put ‘protected’ on the upside by a short put. …
Playbook: Basis: the Long Put
Long Put The long put is the opposite of the long call. A put is an option to sell. The seller has the obligation to take the other side (sell …
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 …