Option Samurai Blog
Learn. Trade. Profit.
Trade Idea – Call Zebra on MSTZ
3 min read
Lately, I’ve been keeping an eye on MSTZ, a 2x inverse ETF tied to MicroStrategy (MSTR), as an interesting proxy trade around crypto sentiment.
Reverse Iron Butterfly - Setup, Payoff, and When to Use It
8 min read
Traders use the reverse iron butterfly when they expect a big move-but don’t know which way. This strategy blends calls and puts to cap risk while betting on volatility.
Synthetic Put – What It Is, How It Works, and Why Traders Use It
5 min read
A synthetic put is a way to recreate the payoff of a regular put—long or short—using a mix of stock and options.
Synthetic Short Straddle – A Closer Look at Short Call and Short Put Variants
6 min read
A synthetic short straddle gives you the same payoff using either a short call or a short put setup—each with a different position in the underlying.
Synthetic Straddle – How to Create One Using Long Calls or Long Puts
6 min read
A synthetic straddle is a way to mimic a classic long straddle without using both a call and a put.
Back Ratio Spread - A Lesser-Known Strategy for Advanced Options Traders
11 min read
The back ratio spread is an options strategy that traders use when they expect a strong move in a stock’s price. It involves buying more options than selling, creating a position with limited risk and potentially unlimited profit.
Trade Idea - Short Put Ladder on GRPN
4 min read
After a volatile earnings reaction, Groupon (GRPN) caught my attention this week. Following a surprisingly strong earnings report, the stock surged over 45% in a single day and is now trading above $26.
Covered Straddle - How It Works and When to Use It
11 min read
The covered straddle strategy combines long stock, a short call, and a short put to generate premium income
Cash Settled Options - When and Why They Make Sense
5 min read
Cash settled options offer a way to trade without dealing with the hassle of physical delivery.
Options Market Maker - What It Is and Why the Options Market Needs a Maker
7 min read
An options market maker plays a silent but essential role in keeping the options market liquid and efficient. But what does an options market maker do, and why is their presence necessary?