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What strategies we support?
We support over 22 strategies and we are adding more. If something is missing don't be afraid to contact us.
Covered calls
Also known as: Buy write
How to build: Buy 100 shares at and sell 1 call (default is bid price)
Naked puts
Also known as: Cash secured puts, sell puts, puts selling.
How to build: Sell 1 put (default is bid price)
Naked calls
Also known as: Sell calls
How to build: sell 1 call (default is bid price)
Long calls
Also known as: Buy calls, Bull calls, call as stock replacement.
How to build: Buy 1 call (default is ask price)
How to build: Buy 1 call (default is ask price)
Long puts
Also known as: Buy puts, bear puts.
How to build: Buy 1 put (default is ask price)
How to build: Buy 1 put (default is ask price)
Married puts
Also known as: Protective puts.
How to build: Buy 100 shares and buy 1 put (default is ask price)
Married calls
Also known as: Protective calls.
How to build: Short 100 shares and buy 1 call (default is ask price)
Bull Put Spread
Also known as: Sell put vertical, OTM put vertical spreads
How to build: Sell put and buy put with a lower strike for same expiration(default is mid-price)
How to build: Sell put and buy put with a lower strike for same expiration(default is mid-price)
Bull Call Spread
Also known as: Buy call vertical spread
How to build: Buy call and sell call with a higher strike for same expiration (default is mid-price)
How to build: Buy call and sell call with a higher strike for same expiration (default is mid-price)
Bear Put Spread
Also known as: Buy put vertical spread
How to build: Buy put and sell put with a lower strike for same expiration (default is mid-price)
How to build: Buy put and sell put with a lower strike for same expiration (default is mid-price)
Bear Call Spread
Also known as: Sell call vertical spread
How to build: Sell call and buy call with a higher strike for same expiration (default is mid-price)
How to build: Sell call and buy call with a higher strike for same expiration (default is mid-price)
Iron Condor:
Also known as: Sell Iron condor
How to build: (4 legs, a combination of bull put spread+bear call spread) Buy put and sell put with a higher strike. Sell Call and buy a call with a higher strike. (default is mid)
How to build: (4 legs, a combination of bull put spread+bear call spread) Buy put and sell put with a higher strike. Sell Call and buy a call with a higher strike. (default is mid)
Read the article here.
Long straddle
Also known as: Buy straddle
How to build: Buy a call and a put for the same strike and same expiration (default is mid)
How to build: Buy a call and a put for the same strike and same expiration (default is mid)
Short Straddle
Also known as: Sell Straddle
How to build: Short a call and a put for the same strike and same expiration (default is mid)
How to build: Short a call and a put for the same strike and same expiration (default is mid)
Long Strangle
Also known as: Buy Strangle
How to build: Buy a put and a call OTM for same expiration (default is mid)
How to build: Buy a put and a call OTM for same expiration (default is mid)
Short Strangle
Also known as: Sell strangle
How to build: Sell a put and a call OTM for the same expiration (default is mid)
How to build: Sell a put and a call OTM for the same expiration (default is mid)
Long Call Calendar
Also Known as: Buy call calendar
How to build: Sell call for closer expiration, buy call at the same strike but further expiration date.
Read the knowledge base article here.
Long Put Calendar
Also Known as: Buy put calendar
How to build: Sell put for closer expiration, buy put at the same strike but further expiration date.
How to build: Sell put for closer expiration, buy put at the same strike but further expiration date.
Read the knowledge base article here.
Long Call Diagonal
Also Known as: Buy Call Diagonal
How to build: Sell call for closer expiration, buy a call at the further expiration date. Strikes can be different, depends on market outlook.
How to build: Sell call for closer expiration, buy a call at the further expiration date. Strikes can be different, depends on market outlook.
Read the knowledge base article here.
Long Put Diagonal
Also Known as: Buy put Diagonal
How to build: Sell put for closer expiration, buy a put at the further expiration date. Strikes can be different, depends on market outlook.
How to build: Sell put for closer expiration, buy a put at the further expiration date. Strikes can be different, depends on market outlook.
Read the knowledge base article here.
Butterfly - Iron Butterfly
Also Known as: Butterfly, Call butterfly, Put butterfly.
How to build: The strategy has a similar profit/loss profile but can be built from different options.
Iron Butterfly: Sell a put spread and call spread for the same expiration where the short strikes are the same.
Call Butterfly: Buy one OTM call, sell two further calls and buy another call with a higher strike. All at the same expiration.
Put Butterfly: Buy one OTM put, sell two further puts and buy another put with a lower strike. All at the same expiration.
Collar
How to build: Buy 100 shares, sell 1 call option for premium and buy 1 protective put below the call strike.