Advanced options strategies
The capstone options course on combining calls and puts into spreads like straddles, iron condors, and butterflies to define your risk and trade a specific market view on purpose.
Why combine options into spreads at all
Locked until the prerequisite course is complete.
Vertical debit spreads: bull call and bear put spreads
Locked until the prerequisite course is complete.
Vertical credit spreads: bull put and bear call spreads
Locked until the prerequisite course is complete.
Straddles and strangles: trading volatility itself
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Iron condors: collecting premium on a defined range
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Butterfly spreads: a precision bet on one price
Locked until the prerequisite course is complete.
Calendar spreads: profiting from unequal time decay
Locked until the prerequisite course is complete.
Diagonal spreads: time decay with a directional tilt
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Choosing a strategy: matching structure to view
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Rolling and adjusting positions
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Iron butterflies: pinning a stock at one price for a credit
Locked until the prerequisite course is complete.
Ratio spreads and backspreads: breaking the one-for-one leg ratio
Locked until the prerequisite course is complete.
Collars: pairing a covered call with a protective put
Locked until the prerequisite course is complete.
Pin risk and assignment risk in multi-leg spreads
Locked until the prerequisite course is complete.