Option Samurai Blog

Naked puts are a popular strategy because they offer a high probability of profit, as long as the stock stays above your strike, you collect the premium. But here's a better trade idea for you: the adjusted risk reversal.

The ZEBRA (Zero Extrinsic Back Ratio) gives you stock-like upside, limited risk, and, if opened in the right way, a relatively close breakeven point.

Most traders buy the dip using long calls or naked puts. But with our Custom Strategy Scanner, you can take a more advanced approach: sell a put and buy a call to build a long risk reversal.

The short strangle is a common strategy for collecting premium in neutral markets. What’s less common, but effective, is combining that same short strangle with shares.

You can combine a straddle with stock ownership. With our custom scan, you can screen the market for a trade setup holding a portion of the underlying (say, for instance, 75 shares) and add a straddle

Learn how condor spreads work using calls or puts, with clear examples of long and short strategies to trade market volatility with defined risk and reward.

Option Samurai Q2 2025 version adds a custom strategy scanner, dark mode, and platform upgrades to help you find trades you can't find anywhere else. Try it now.

Strap options are designed for traders who expect a big move but aren’t sure which direction it will go.

Most option traders know vertical spreads, but fewer take advantage of the ladder option. What happens if you add a third leg to the trade?

I recently opened a low-risk position in OUST using a collar strategy that mimics a Treasury-like return profile.