![Short call spread strategy - Options Playbook](https://cdn.prod.website-files.com/657891d7eaf2eb5fe72f4e37/65894ffcdd7c62ee2c12b6c3_Short%20Call%20thumbnail.png)
Short Call
Selling the call obligates you to sell stock at strike price A if the option is assigned. When running this strategy, you want the call you sell to expire worthless. That’s why most investors sell out-of-the-money options ..
![Short or uncovered put - Options Playbook](https://cdn.prod.website-files.com/657891d7eaf2eb5fe72f4e37/658952669c1ad56db27ef12d_Short%20Put%20thumbnail.png)
Short Put
Selling the put obligates you to buy stock at strike price A if the option is assigned. When selling puts with no intention of buying the stock, you want the puts you sell to expire worthless. This strategy has a low profit potential if the stock remains above strike A at expiration...
![Short straddle option - Options Playbook](https://cdn.prod.website-files.com/657891d7eaf2eb5fe72f4e37/658954ae30ef456e32be5812_Short%20Straddle%20thumbnail.png)
Short Straddle
A short straddle gives you the obligation to sell the stock at strike price A and the obligation to buy the stock at strike price A if the options are assigned. By selling two options, you significantly increase the income you would have achieved from selling a put or a call alone...
![Short strangle option - Options Playbook](https://cdn.prod.website-files.com/657891d7eaf2eb5fe72f4e37/6589569394967e35ebf23d50_Short%20Strangle%20thumbnail.png)
Short Strangle
A short strangle gives you the obligation to buy the stock at strike price A and the obligation to sell the stock at strike price B if the options are assigned. You are predicting the stock price will remain somewhere between strike A and strike B, and the options you sell will expire worthless...
![Long combination - Options Playbook](https://cdn.prod.website-files.com/657891d7eaf2eb5fe72f4e37/658958952b831ad98de0c212_Long%20Combination%20thumbnail.png)
Long Combination
Buying the call gives you the right to buy the stock at strike price A. Selling the put obligates you to buy the stock at strike price A if the option is assigned. This strategy is often referred to as “synthetic long stock” because the risk / reward profile is nearly identical to long stock...
![Short combination - Options Playbook](https://cdn.prod.website-files.com/657891d7eaf2eb5fe72f4e37/65895a7f0016c05e3856e0a1_Short%20Combination%20thumbnail.png)
Short Combination
Buying the put gives you the right to sell the stock at strike price A. Selling the call obligates you to sell the stock at strike price A if the option is assigned. This strategy is often referred to as “synthetic short stock” because the risk / reward profile is nearly identical to short stock.
![Call ratio vertical spread - Options Playbook](https://cdn.prod.website-files.com/657891d7eaf2eb5fe72f4e37/65895ccebf68695762b3f6d8_Front%20Spread%20wCalls%20thumbnail.png)
Front Spread w/Calls
Buying the call gives you the right to buy stock at strike price A. Selling the two calls gives you the obligation to sell stock at strike price B if the options are assigned. This strategy enables you to purchase a call that is at-the-money or slightly out-of-the-money without paying full price.
![Put ratio vertical spread - Options Playbook](https://cdn.prod.website-files.com/657891d7eaf2eb5fe72f4e37/65895e5f0016c05e3858bfb9_Front%20Spread%20wPuts%20thumbnail.png)
Front Spread w/Puts
Buying the put gives you the right to sell stock at strike price B. Selling the two puts gives you the obligation to buy stock at strike price A if the options are assigned. This strategy enables you to purchase a putth at is at-the-money or slightly out-of-the-money without paying full price.
![Double diagonal option - Options Playbook](https://cdn.prod.website-files.com/657891d7eaf2eb5fe72f4e37/658961b8dd7c62ee2c1c7241_Double%20Diagonal%20thumbnail.png)
Double Diagonal
At the outset of this strategy, you’re simultaneously running a diagonal call spread and a diagonal put spread . Both of those strategies are time-decay plays. You’re taking advantage of the fact that the time value of the front-month options decay at a more accelerated rate than the back-month options...