Learning Center

Option Strategies by Skill Level

Strategy Name	Your Market Outlook	Your Skill Level
Covered Call	Bullish to Neutral	Rookies
Protective Put	Bullish but Nervous	Rookies
Collar	Bullish but Nervous	Rookies
Cash-secured Put	Bearish, then Bullish	Rookies
Long Call	Bullish	Veterans
Long Call Spread Bull Call Spread Vertical Spread	Bullish	Veterans
Long Put	Bearish	Veterans
Long Put Spread Bear Put Spread Vertical Spread	Bearish	Veterans
Long Condor Spread w/Calls	Neutral	Veterans
Long Condor Spread w/Puts	Neutral	Veterans
Iron Condor	Neutral	Veterans
Split Strike Butterfly w/Calls Broken Wing Butterfly Skip-strike Butterfly	Bullish	Seasoned Veterans
Split Strike Butterfly w/Puts Broken Wing Butterfly Skip-strike Butterfly	Bearish	Seasoned Veterans
Long Butterfly Spread w/Calls	Neutral	Seasoned Veterans
Long Butterfly Spread w/Puts	Neutral	Seasoned Veterans
Iron Butterfly Spread	Neutral	Seasoned Veterans
Long Calendar Spread w/Calls Time Spread Horizontal Spread	Neutral	Seasoned Veterans
Long Calendar Spread w/Puts Time Spread Horizontal Spread	Neutral	Seasoned Veterans
Diagonal Spread w/Calls	Neutral, then Neutral to Bearish	Seasoned Veterans
Diagonal Spread w/Puts	Neutral, then Neutral to Bullish	Seasoned Veterans
Short Put Spread Bull Put Spread Vertical Spread	Neutral to Bullish	Seasoned Veterans
Short Call Spread Bear Call Spread Vertical Spread	Neutral to Bearish	Seasoned Veterans
Long Straddle	Volatile and Uncertain	Seasoned Veterans
Long Strangle	Volatile and Uncertain	Seasoned Veterans
Ratio Vertical Spread w/Calls Call Front Spread	Bullish	All-Stars
Short Put Naked Put	Bullish to Neutral	All-Stars
Ratio Vertical Spread w/Puts Put Front Spread	Bearish	All-Stars
Short Call Naked Call Uncovered Call	Bearish to Neutral	All-Stars
Short Straddle	Neutral	All-Stars
Short Strangle	Neutral	All-Stars