Strategies

Sell an OTM put spread + an OTM call spread. Profit if the stock stays in a range. The classic high-IV income trade.

Sell OTM calls against stock you own to collect premium. The simplest income strategy and the best on-ramp to options trading.

Sell out-of-the-money puts on stocks you'd be happy to own. Collect premium if they don't get assigned, buy at a discount if they do.

Buy an ATM call, sell a further-OTM call against it. Defined-risk bullish exposure cheaper than buying naked calls.

Buy a higher-strike put, sell a lower-strike put. Defined-risk bearish exposure or a low-cost portfolio hedge.

Sell a higher-strike put, buy a lower-strike put. A bullish credit spread that pays you to be right (or even just not wrong).

Sell a lower-strike call, buy a higher-strike call. Bearish credit spread that profits if the stock holds below your short strike.

Buy an ATM call and an ATM put on the same expiration. Profit from large moves in either direction.

Sell an OTM put and an OTM call. Undefined-risk premium-selling for traders comfortable with margin and active management.

A decision matrix that maps your view (direction × volatility × catalyst) to the right Tradient strategy.

Buy a call option. The simplest bullish bet with defined risk and unlimited upside.

Buy a put option. Bearish bet with defined risk — profit when stocks fall.

Sell OTM calls to collect premium. High-income, unlimited-risk strategy for experienced traders.

Buy stock plus a protective put. Bullish with a guaranteed floor on your downside.

Short stock plus a long call. Bearish with a cap on upside risk if you're wrong.

Sell an ATM call and ATM put. Maximum theta capture with unlimited risk — the high-conviction income play.

Buy an OTM call and OTM put. Profit from a big move in either direction — cheaper than a straddle.

Sell an ATM straddle and buy OTM wings. Higher credit than an iron condor but a narrower profit zone.

Buy 1 lower call, sell 2 middle calls, buy 1 higher call. A cheap directional bet on a pinned target.

Buy 1 higher put, sell 2 middle puts, buy 1 lower put. Mirror of the call butterfly for range bets.

Own stock, buy a protective put, sell a covered call. Cap both downside and upside for low or zero net cost.

Sell a near-term call, buy the same-strike call further out. Profit from front-month time decay.

Sell a near-term put, buy the same-strike put further out. Time-decay play using puts.

Buy a deep ITM LEAP call, sell a near-term OTM call. Poor man's covered call — leveraged income.

Buy a deep ITM LEAP put, sell a near-term OTM put. Bearish income with leveraged downside exposure.

Sell an OTM put and a bear call spread — collect premium with no upside risk. A popular income strategy with a bullish lean.

Sell an OTM put to fund an OTM call — zero-cost bullish exposure that behaves like owning stock.

Buy one ATM put and sell two OTM puts — enter for a credit with bearish bias. Profits if the stock falls moderately.

Own 100 shares and sell an ATM straddle — double the premium of a covered call. The 'Wheel on Steroids' for aggressive income seekers.

An asymmetric butterfly with unequal wing widths — enter for a credit with a directional lean. Risk is defined but tilted to one side.

Zero Extrinsic Back Ratio — buy 2 deep ITM calls and sell 1 ATM call. Synthetic stock replacement with near-zero time decay.

Sell a bull put spread to fund a long OTM call — zero-cost or small-credit directional exposure with defined downside risk.