: Selling a near-term option and buying a longer-term one to exploit different rates of time decay. 4. Volatility-Based Strategies
: A more cost-effective version of the straddle using out-of-the-money options. 5. Advanced Exotic and Ratio Spreads
: A four-legged strategy that profits if the underlying stock stays within a specific price range.
Whether you are looking for a to study offline or seeking to understand the core mechanics of these plays, this guide breaks down the essential categories of the 76 strategies. 1. Directional Bullish Strategies
