Options Strategy Visualization

Please select a strategy first

Strategy Library
Basic
  • Long Call

    Buy a call option - Bullish, limited risk

  • Long Put

    Buy a put option - Bearish, limited risk

  • Covered Call

    Own stock + sell call - Income generation

  • Protective Put

    Own stock + buy put - Downside protection

Spreads
  • Bull Call Spread

    Buy lower strike call + sell higher strike call - Bullish, limited risk

  • Bear Put Spread

    Buy higher strike put + sell lower strike put - Bearish, limited risk

  • Bull Put Spread

    Sell higher strike put + buy lower strike put - Bullish, limited risk

  • Bear Call Spread

    Sell lower strike call + buy higher strike call - Bearish, limited risk

  • Calendar Spread (Call)

    Sell short-term call + buy long-term call - Time decay play

  • Calendar Spread (Put)

    Sell short-term put + buy long-term put - Time decay play

  • Diagonal Spread (Call)

    Buy long-term call + sell short-term call (different strikes) - Complex strategy

  • Diagonal Spread (Put)

    Buy long-term put + sell short-term put (different strikes) - Complex strategy

Straddles & Strangles
  • Long Straddle

    Buy call + buy put (same strike) - Volatility play

  • Short Straddle

    Sell call + sell put (same strike) - Income, low volatility

  • Long Strangle

    Buy OTM call + buy OTM put - Volatility play, cheaper than straddle

  • Short Strangle

    Sell OTM call + sell OTM put - Income, low volatility

Butterflies & Condors
  • Long Butterfly (Call)

    Buy ITM call + sell 2 ATM calls + buy OTM call - Low volatility, range-bound

  • Long Butterfly (Put)

    Buy ITM put + sell 2 ATM puts + buy OTM put - Low volatility, range-bound

  • Short Butterfly (Call)

    Sell ITM call + buy 2 ATM calls + sell OTM call - High volatility play

  • Short Butterfly (Put)

    Sell ITM put + buy 2 ATM puts + sell OTM put - High volatility play

  • Iron Condor

    Sell OTM call spread + sell OTM put spread - Income, neutral

  • Iron Butterfly

    Sell ATM call + buy OTM call + sell ATM put + buy OTM put - Income, neutral

  • Long Condor (Call)

    Buy ITM call + sell 2 ATM calls + buy OTM call - Range-bound, limited risk

  • Long Condor (Put)

    Buy ITM put + sell 2 ATM puts + buy OTM put - Range-bound, limited risk

  • Short Condor (Call)

    Sell ITM call + buy 2 ATM calls + sell OTM call - Income, neutral

  • Short Condor (Put)

    Sell ITM put + buy 2 ATM puts + sell OTM put - Income, neutral

Advanced
  • Collar

    Own stock + buy put + sell call - Protected position with income

  • Ratio Spread (Call)

    Buy 1 call + sell 2 calls (higher strike) - Moderate bullish

  • Ratio Spread (Put)

    Buy 1 put + sell 2 puts (lower strike) - Moderate bearish

  • Backspread (Call)

    Sell 1 call + buy 2 calls (higher strike) - Volatility play

  • Backspread (Put)

    Sell 1 put + buy 2 puts (lower strike) - Volatility play

  • Box Spread

    Bull call spread + bear put spread - Arbitrage strategy

  • Jade Lizard

    Sell call spread + sell put - Income with limited risk

Custom Strategy
Build your own strategy from scratch