Option Strategies Cheat Sheet

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Option StrategyLong Calls
Price OutlookBullish
Volatility Outlook⬆️
Profit PotentialUnlimited
RiskLimited
Option StrategyLong Puts
Price OutlookBearish
Volatility Outlook⬆️
Profit PotentialUnlimited
RiskLimited
Option StrategyShort Calls
Price OutlookBearish
Volatility Outlook⬇️
Profit PotentialLimited
RiskUnlimited
Option StrategyShort Puts
Price OutlookBullish
Volatility Outlook⬇️
Profit PotentialLimited
RiskUnlimited
Option StrategyCovered Call
Price OutlookBullish
Volatility Outlook⬇️
Profit PotentialLimited
RiskUnlimited
Option StrategyProtective Put
Price OutlookBullish
Volatility OutlookStable
Profit PotentialUnlimited
RiskLimited
Option StrategyBull Put Spread
Price OutlookBullish
Volatility Outlook⬆️
Profit PotentialLimited
RiskLimited
Option StrategyBear Call Spread
Price OutlookBearish
Volatility Outlook⬇️
Profit PotentialLimited
RiskLimited
Option StrategyIron Condors
Price OutlookNeutral
Volatility Outlook⬇️
Profit PotentialLimited
RiskLimited
Option StrategyButterfly Spreads
Price OutlookNeutral
Volatility Outlook⬇️
Profit PotentialLimited
RiskLimited
Option StrategyCalendar Spreads
Price OutlookNeutral
Volatility Outlook⬆️
Profit PotentialLimited
RiskLimited
Option StrategyDouble Calendar
Price OutlookNeutral
Volatility Outlook⬆️
Profit PotentialLimited
RiskLimited
Option StrategyShort Strangle
Price OutlookNeutral
Volatility Outlook⬇️
Profit PotentialLimited
RiskUnlimited
Option StrategyShort Straddle
Price OutlookNeutral
Volatility Outlook⬇️
Profit PotentialLimited
RiskUnlimited
Option StrategyPut Ratio Spreads
Price OutlookNeutral to Bullish
Volatility Outlook⬇️
Profit PotentialLimited
RiskLimited
Option StrategyPut Ratio Backspreads
Price OutlookNeutral to Bullish
Volatility Outlook⬆️
Profit PotentialUnlimited
RiskLimited
Option StrategyCall Ratio Spreads
Price OutlookNeutral to Bullish
Volatility Outlook⬇️
Profit PotentialLimited
RiskUnlimited
Option StrategyCall Ratio Backspreads
Price OutlookNeutral to Bullish
Volatility Outlook⬆️
Profit PotentialUnlimited
RiskLimited
Option StrategyPoor Man’s Covered Call
Price OutlookBullish
Volatility Outlook⬇️
Profit PotentialLimited
RiskLimited
Option StrategyPoor Man’s Covered Put
Price OutlookBearish
Volatility Outlook⬆️
Profit PotentialLimited
RiskLimited
Option StrategyThe Collar
Price OutlookBullish
Volatility Outlook⬇️
Profit PotentialLimited
RiskLimited
Option StrategyBroken Wing Butterfly With Puts
Price OutlookBullish
Volatility Outlook⬇️
Profit PotentialLimited
RiskLimited
Option StrategyBroken Wing Butterfly With Calls
Price OutlookBearish
Volatility Outlook⬇️
Profit PotentialLimited
RiskLimited
Option StrategySynthetic Long Stock
Price OutlookBullish
Volatility OutlookNeutral
Profit PotentialUnlimited
RiskLimited
Option StrategySynthetic Short Stock
Price OutlookBearish
Volatility OutlookNeutral
Profit PotentialLimited
RiskUnlimited
Option StrategyRisk Reversal
Price OutlookBullish
Volatility OutlookNeutral
Profit PotentialUnlimited
RiskLimited
Option StrategyStock Repair Strategy
Price OutlookBullish
Volatility Outlook⬇️
Profit PotentialLimited
RiskLimited

⬆️ Rising

⬇️ Falling

Option Strategies Cheat Sheet Conclusion

We hope you find Option Strategies Cheat Sheet useful. For now this is the end of the road, but we will strive to bring new interesting and useful content to Simple Trading Strategy as soon as possible.

To give Option Strategies Cheat Sheet readers an example of the Iron Condor strategy.
https://m.youtube.com/watch?v=Eg8IyTPoaQY