All Options Guides
30 Options Trading Strategy Guides
Step-by-step guides to every major options strategy — from beginner income plays to advanced volatility trades.
Income Strategies
How to Sell Covered Calls
Learn how to sell covered calls step by step. Complete guide covering strategy, strike selection, ex…
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Cash-Secured Puts
How to sell cash-secured puts for consistent income. Complete guide to strike selection, expiration …
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Poor Man's Covered Call (PMCC)
Learn the Poor Man's Covered Call strategy using LEAPS. Buy a deep ITM LEAPS call, sell short-term c…
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Protective Put Strategy
Learn how to use protective puts to insure your stock positions. Complete guide to hedging with put …
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LEAPS Options
How to use LEAPS options as stock alternatives. Learn how long-dated options reduce cost basis, leve…
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Rolling Options
Learn how to roll options contracts to lock in profits, extend winning trades, and manage losing pos…
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Collar Strategy
How to build a collar on your stock position. Sell a covered call and buy a protective put to lock i…
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Covered Strangle
Learn the covered strangle strategy. Own stock, sell an OTM call and OTM put for enhanced income. Mo…
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Spreads
Vertical Spreads
Bull put spreads, bear call spreads, and debit spreads explained. How to trade vertical spreads for …
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Calendar Spread
Learn calendar spread (time spread) strategy. Sell a near-term option and buy a longer-term option a…
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Diagonal Spread
Master the diagonal spread options strategy. Combine different strikes and expirations for direction…
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Ratio Spread
Learn how to trade ratio spreads. Buy 1 option, sell 2 OTM options for a net credit. Understand the …
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Box Spread
Understand the box spread options strategy. Combine a bull call spread with a bear put spread for a …
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Call Backspread
Learn the call backspread options strategy. Sell 1 ATM call, buy 2 OTM calls for leveraged upside ex…
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Christmas Tree Spread
Master the Christmas tree spread options strategy. A modified butterfly with uneven legs for directi…
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Condor Spread
Learn the condor spread options strategy using all calls or all puts. Wider profit range than a butt…
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Iron & Butterfly
Iron Condors
How to trade iron condors for consistent income. Learn strike selection, expiration, risk management…
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Butterfly Spread
Master the butterfly spread options strategy. Buy ITM and OTM calls, sell 2 ATM calls to profit when…
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Iron Butterfly
Master the iron butterfly options strategy. Sell ATM call and put, buy OTM wings for protection. Hig…
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Broken Wing Butterfly
Learn the broken wing butterfly options strategy. Skip a strike on one wing for a net credit with as…
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Double Diagonal Spread
Master the double diagonal options strategy. Combine two diagonal spreads for range-bound income and…
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Volatility
Long Straddle Strategy
Learn how to trade the long straddle options strategy. Buy ATM call and put to profit from big moves…
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Long Strangle Strategy
How to trade the long strangle options strategy. Buy OTM call and put for a cheaper volatility play …
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Short Straddle
Learn how to sell straddles for income. Sell ATM call and put to collect maximum premium when you ex…
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Short Strangle
How to sell strangles for income. Sell OTM call and put for a wider profit range than short straddle…
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Jade Lizard Strategy
Learn the jade lizard options strategy. Sell an OTM put and an OTM call spread to collect premium wi…
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Advanced
Synthetic Long Stock
How to create a synthetic long stock position with options. Buy a call and sell a put at the same st…
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Risk Reversal
Learn the risk reversal options strategy. Sell an OTM put to fund buying an OTM call for a direction…
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Delta Hedging
Learn delta hedging for options positions. Continuously adjust your position to stay delta-neutral a…
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Gamma Scalping
Learn gamma scalping for options. Delta hedge a long gamma position repeatedly to profit from realiz…
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