Options Trading

  1. Advanced and Complex Strategies
    1. Volatility Strategies
      1. Long Straddle
        1. Construction
          1. Market Outlook
            1. Volatility Requirements
              1. Breakeven Analysis
              2. Long Strangle
                1. Construction
                  1. Market Outlook
                    1. Cost Considerations
                      1. Strike Selection
                      2. Short Straddle
                        1. Construction
                          1. Market Outlook
                            1. Risk and Margin
                              1. Assignment Risk
                              2. Short Strangle
                                1. Construction
                                  1. Market Outlook
                                    1. Risk and Margin
                                      1. Probability of Profit
                                    2. Wing Spreads
                                      1. Iron Condor
                                        1. Construction
                                          1. Market Outlook
                                            1. Risk/Reward Profile
                                              1. Strike Selection
                                                1. Management Techniques
                                                2. Iron Butterfly
                                                  1. Construction
                                                    1. Market Outlook
                                                      1. Risk/Reward Profile
                                                        1. Comparison to Iron Condor
                                                        2. Butterfly Spread
                                                          1. Call Butterfly
                                                            1. Put Butterfly
                                                              1. Iron Butterfly
                                                                1. Long vs. Short Butterflies
                                                                2. Condor Spread
                                                                  1. Call Condor
                                                                    1. Put Condor
                                                                      1. Iron Condor
                                                                        1. Risk/Reward Profile
                                                                      2. Ratio Strategies
                                                                        1. Call Ratio Spread
                                                                          1. Construction
                                                                            1. Risk/Reward Profile
                                                                            2. Put Ratio Spread
                                                                              1. Construction
                                                                                1. Risk/Reward Profile
                                                                                2. Ratio Backspreads
                                                                                  1. Call Ratio Backspread
                                                                                    1. Put Ratio Backspread
                                                                                  2. Hedging and Combination Strategies
                                                                                    1. Collar
                                                                                      1. Construction
                                                                                        1. Use in Portfolio Protection
                                                                                          1. Cost Considerations
                                                                                            1. Zero-Cost Collar
                                                                                            2. Synthetic Positions
                                                                                              1. Synthetic Long Stock
                                                                                                1. Synthetic Short Stock
                                                                                                  1. Synthetic Call
                                                                                                    1. Synthetic Put
                                                                                                    2. Conversion and Reversal
                                                                                                      1. Conversion Strategy
                                                                                                        1. Reversal Strategy
                                                                                                          1. Arbitrage Opportunities