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 …
Bullish 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: Spreads: the Bull Call
Bull Call The bull call is a vertical debit spread (you will have to pay for it). It is a long call ‘protected’ on the downside by a short call. …
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: Basis: the Long Call
Long Call The long call is the most basic of all options strategies, the most well-known and best understood. The long call is the opposite of the long put. A …