Option Strategies

How to Use Option Strategies or Option Strategies Cheat Sheet?

Which Option Strategies to use when can be done by below Cheat Sheet :

Option Strategy Cheat Sheet
Option Strategy Price Outlook Volatility Outlook Profit Potential Risk
Long Calls(Naked Call Buy)
 Bullish Rising Unlimited Limited
Long Puts(Naked Put Buy)
 Bearish Rising Unlimited Limited
Short Calls(Naked Call Sell)
 Bearish Falling Limited Unlimited
Short Puts(Naked Put Sell)
 Bullish Falling Limited Unlimited
Covered Call
 Bullish Falling Limited Unlimited
Protective Put
 Bullish Stable Unlimited Limited
Bull Put Spread
 Bullish Rising Limited Limited
Bear call Spread
 Bearish Falling Limited Limited
Bull Call Spread
 Bullish Rising Limited Limited
Bear Put  Spread
 Bearish Falling Limited Limited
Bear Call Ladder Strategy Bearish Falling UnLimited UnLimited
Iron Condors Neutral Falling Limited Limited
Iron Butterfly Spreads Neutral Falling Limited Limited
Calendar Spreads
 Neutral Rising Limited Limited
Double Calendars
 Neutral Rising Limited Limited
Short Strangle Neutral Falling Limited Unlimited
Short Straddle Neutral Falling Limited Unlimited
Long Strangle Neutral Rising Unlimited Limited
Long Straddle Neutral Rising Unlimited Limited
Put Ratio
Spreads
 Neutral to Bullish Falling Limited Limited
Put Ratio Back spreads
 Neutral to Bearish Rising Unlimited Limited
Call Ratio Spreads
 Neutral to Bearish Falling Limited Unlimited
Call Ratio Backspreads
 Neutral to Bullish Rising Unlimited Limited
Poor Man’s Covered Call
 Bullish Falling Limited Limited
Poor Man’s Covered put
 Bearish Rising Limited Limited
The Collar
 Bullish Falling Limited Limited
Broken Wing Butterfly With Puts
 Bullish Falling Limited Limited
Broken Wing Butterfly With Calls
 Bearish Falling Limited Limited
Synthetic Long Stock Bullish Neutral Unlimited Limited
Synthetic Short Stock Bearish Neutral Limited Unlimited
Risk Reversal
 Bullish Neutral Unlimited Limited
Stock Repair Strategy
 Bullish Falling Limited Limited