Primary Option Strategies

Long Underlying
Short Underlying
Long Call;
Short Call
Long Put
Short Put

Spreads and Backspreads

Bull Call Spread
Bear Call Spread
Bull Put Spread
Bear Put Spread
Ratio Call Backspread
Ratio Put Backspread

Covered and Protective Strategies

Covered Cal
Protective Put
Collar

Straddles, Strangles and Butterflies