: Buy a higher strike put and sell a lower strike put. Reduces the premium drag compared to buying a naked put in a falling market.
Selling a call without owning the stock. High risk, restricted to institutional or advanced margin accounts.
Master 76 Option Strategies: An Overview of Trading Frameworks
Low strike short, higher strikes long (unlimited profit). master 76 option strategies pdf
Sell a lower-strike call and buy a higher-strike call. Profits if the stock stays below the pivot.
Don't just collect PDFs — :
Composed of a Bear Call Spread and a Bull Put Spread. Wins if the stock stays within a specific price range. : Buy a higher strike put and sell a lower strike put
A neutral strategy that combines bull and bear spreads with a focus on a specific target price. Selecting an Appropriate Strategy
High-risk strategies designed for maximum capital appreciation based on directional views.
: Buy a specific number of options while selling a higher volume of further OTM options (e.g., Buy 1 Call, Sell 2 Calls). This introduces uncapped risk if the stock overextends, demanding strict risk management. High risk, restricted to institutional or advanced margin
Profiting from time and price movement.
Short OTM put/call spreads (the "king" of income).
I can map out the exact sequence of strategies you should study first.